• NFRT by LawRobot

    Non-Fungible Royalty Token. The Better NFT.

    On-Chain Royalties & License Consent Management

    Buy and Sell NFTs Virtually Anywhere. No Marketplace Needed.

    Decentralized Digital Identity & KYC/AML

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  • Why NFRT?

    We are the folks that designed and built the first NFT with Onchain Royalties & License Consent Management entitled the EIP-4910.

    We now take our best technology in the EIP-4910 & introduce a new, creator & collector friendly, NFT that we call the NFRT.

    The NFRT solves many of the technical and legal problems facing the NFT ecosystem.

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    On-Chain Royalties

    Currently NFT marketplaces have discretion to enforce NFT creator royalties and in some instances no royalties are paid. Does NFRT fix lack of enforceable royalties?

    Yes! Our NFRT technology provides for automatic onchain distribution of royalties to creators and rights holders whenever and wherever their NFTs are resold.

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    On-Chain License Consent Management

    Currently numerous NFT projects do not get buyer "opt-in consent" to the NFT license terms especially on secondary sales - this puts the NFT project at legal risk - Does NFRT fix the license consent gap?

    Yes! Our NFRT technology gets buyer opt-in consent to the NFT license terms and writes the evidence of consent to the blockchain. 

    By presenting the NFT license terms at the point of transaction and waiting for user consent before the smart contract transfers the NFT, and writing evidence of consent to the blockchain, even on secondary sales, our NFT technology solves the issue of binding NFT license agreements. NFRT mitigates one of the biggest legal risks facing the NFT ecosystem.

    The NFRT technology bolsters consumer protection by providing "notice and consent" at the point of sale, copyright integrity by creating binding licensing terms, and trademark integrity by creating binding license terms and providing a mechansim to avoid "naked trademark licenses" which could lead to losing trademark rights. With the addition of digital identity, KYC/AML solutions, & two factor authentication tools, this also allows NFT IP owners or Licensors to have compliance tools to prevent fraud, to know or learn who their NFT licensees are without the need to store personal indentifying information, to discern infringers from those who are authorized licensees, and to take action against those in breach of the NFT license agreement.

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    Buy and Sell NFRTs Anywhere

    Currently the vast majority of those who want to sell and buy NFTs are beholden to big centralized marketplaces and their policies are sometimes unpredictable - they have the power to de-platform creators even accidentally. They may take a big cut of the NFT transaction, and limit the ability of creators to have their own fans and collectors come to the creators' own websites to transact - Does NFRT fix the need for a marketplace?

    Yes! Brands can choose to sell NFRTs with an embed on their own domain manifesting an "on the fly" white label system. Each NFT acts as it's own store. No marketplace is needed.

    Each NFRT is assigned its own unique decentralized landing page with an NFT "label" that summarizes the IP, license rights, and other relevant information in what is being sold and purchased, allowing for a seamless buying and selling experience without the need for a marketplace. The decentralized NFRT landing page communicates with buyers and sellers as well as the smart contract. The NFRT Search engine can assist in NFT discovery, galleries, and validation. Selling an NFT is as easy as including a unique link on a blog, search engine, or even on Twitter.


  • Rothken and Taub discuss the EIP-4910, on-chain royalties, and NFT compliance issues



    NFT NYC Panel with Freund, Wolpert, and Rothken discussing the NFT ecosystem benefits of the EIP-4910


  • NFRT Example Features & Benefits

    NFRT Search Engine

    • Discoverability: An NFT search engine can help users discover new NFTs and artists, making it easier for them to find the content they are interested in.
    • Ease of use: An NFT search engine can make it easy for users to find specific NFTs by searching for keywords, tags, or other metadata.
    • Increased transparency: An NFT search engine can provide increased transparency by displaying information about an NFT, such as its provenance, creator, and transaction history.
    • Valuation: An NFT search engine can provide users with the ability to find and compare prices for similar NFTs, which can help them to make more informed buying decisions.
    • Facilitation of secondary market: An NFT search engine can facilitate the secondary market by making it easy for users to find and purchase NFTs that are being resold.
    • Better organization: An NFT search engine can help to organize the vast amount of NFTs being created, which can be overwhelming for users.
    • Facilitation of collaboration: An NFT search engine can facilitate collaboration between creators, rights holders, and buyers, as all parties can benefit from the discovery of new NFTs.
    • Better tracking of ownership: An NFT search engine can help to better track the ownership of NFTs, which can be useful for provenance and anti-counterfeit purposes.
    • Better tracking of royalties: An NFT search engine can help to better track royalties for NFTs, which can be useful for revenue management and compliance.
    • Better understanding of the NFT market: An NFT search engine can provide insights into the NFT market, such as trending NFTs, popular creators and genres, which can be useful for creators, buyers and investors.

    NFRT On-Chain Royalties

    • Transparency: Onchain royalties and license consent mqnagement combine to bolster the strength of the sale such that all parties involved in an NFT transaction are aware of and agree to the terms of the royalty distribution(s) and the terchnology enforces such agreement(s) on-chain, making the process more predictable and transparent.
    • Fairness: Onchain royalties provide a way for creators and other rights holders to be compensated for the use of their work, ensuring a fair distribution of revenue.
    • Incentive for creators: Knowing that they will continue to earn royalties from their work regardless of where and when an NFT sale occurs can be a strong incentive for creators to continue to produce new NFTs.
    • Encourage collaboration: Onchain royalties can encourage collaboration between creators, rights holders, and buyers, as all parties can benefit from the distribution of royalties.
    • Long-term revenue: Onchain royalties can provide a long-term revenue stream for creators and rights holders, rather than a one-time payment. This can help to sustain the growth of the NFT market.

    Decentralized NFRTs with Digital Identity & KYC/AML

    • Identity verification: Digital ID technology allows for efficient and secure verification of the identity of buyers and sellers, which is essential for compliance with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations.
    • Preventing fraud: Digital ID technology can help prevent fraud by ensuring that the identities of buyers and sellers are verified and that they are who they claim to be.
    • Streamlining transactions: Digital ID technology can streamline transactions by automating the verification of identity and eliminating the need for manual processes.
    • Facilitation of global transactions: Digital ID technology can facilitate global transactions by providing a secure and standardized way to verify identities across different jurisdictions.
    • Protection of personal data: Digital ID technology can protect personal data by ensuring that only the necessary information is shared and that it is securely stored and managed.

    Share NFRT Project Revenue with Stakeholders On-Chain

    • Transparency: The ability to share revenues on-chain allows for transparency in the distribution of royalties and revenue, ensuring that all parties are aware of and agree to the terms of the distribution.
    • Automation: Revenue sharing on-chain can be automated, eliminating the need for manual calculations and reducing the potential for errors or disputes.
    • Smart contract-based: Smart contracts can be used to automate revenue sharing, which can be more efficient and secure than traditional methods.
    • Efficient tracking: On-chain revenue sharing allows for efficient tracking of revenue and royalties, making it easier to manage and track income.
    • Facilitation of collaboration: On-chain revenue sharing can facilitate collaboration between creators, rights holders, and buyers, as all parties can benefit from the distribution of royalties. This can encourage the growth of the NFT market.

    Buy & Sell NFRTs Almost Anywhere

    • Control over pricing: Selling NFTs on your own website gives you more control over pricing, allowing you to set prices that are in line with your own goals and market conditions.
    • Branding and promotion: Selling NFTs on your own website allows you to promote your brand and increase visibility for your work, helping you to build a loyal following and attract new customers.
    • Commission-free sales: Many marketplaces charge a commission on NFT sales, which can be a significant expense for creators and sellers. Selling NFTs on your own website allows you to keep more of the revenue from your sales.
    • Greater flexibility: By selling NFTs on your own website, you have more flexibility in terms of the types of NFTs you can offer and the way that you promote and sell them.
    • Building a direct relationship with your customers: By selling NFTs on your own website, you have the opportunity to build a direct relationship with your customers, which can be valuable for building a loyal fan base, getting feedback and creating a community around your work.

    NFRT Legal Compliance Tools

    • Compliance with copyright laws: Knowing who your copyright licensees are is essential for ensuring that you are in compliance with copyright laws and regulations.
    • Protection of rights: By creating more defensible "opt-in" license agreements and keeping track of who has been granted a license to use your copyrighted work, you can better protect your rights as a copyright holder and more readily comply with additional laws and regulations as they evolve..
    • Identification of infringement: Keeping track of who has been granted a license to use your copyrighted work can help you identify and address instances of infringement.
    • Revenue management: Knowing who your licensees are can help you manage and track revenue generated from the use of your copyrighted work, ensuring that you are fairly compensated for the use of your work.
    • Better communication: Keeping track of who has been granted a license to use your copyrighted work allows you to communicate more effectively with your licensees and to resolve any issues that may arise.

  • Team

     

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