NFT Tokenart TA-RO
License NFT representative of the royalty value of an intellectual property
This information is a human readable summary for all but does not constitute the legal license.
Under the terms of the license:
RO: The NFT represents a part of the royalties (in English "Royalties") that an intellectual good can procure. The licensor offers the buyer the right to a royalty ("Royalties") on the fruits of commercial exploitation up to the percentage written in the NFT.
This means that:
The licensor will pay the purchaser a "Royalty" payable for all uses of the Work, in particular the rights to physical sales, digital sales, synchronization costs and commissions on NFT sales, calculated as follows: The Purchaser will receive a percentage, the amount of which is indicated in the NFT, of the net receipts received by the Licensor. The licensor must account to the purchaser for royalties due to the purchaser by December 25 of each year.
What is a NFT ?
A non-fungible token (NFT as the abbreviation) is a specific type of crypto token that represents ownership of something unique.
Non-fungible tokens are not interchangeable or duplicable and are immutable. During any interaction or transaction, they remain individually identifiable and recognizable. The Tokenart service allows you to legally bind your physical work to an NFT.
Source : Swiss authentis.
How to authenticate my artwork with NFT ?
An NFT being unique and providing immutable proof, it makes it possible to identify and authenticate a work of art directly in the blockchain so as to leave a trace as solid and lasting as the blockchain is.
How to automate the royalties on a work of art?
When creating your NFT you will only have to choose the option allowing you to automate an annuity on all future sales of your work. Thus, if you choose a royalty of around 10%, this amount will be automatically paid to you for each of the transfers made via your NFT.
How to sell my artwork on plateforme ?
Once your physical work of art is linked to your NFT, you can put it on sale directly on platforms accepting NFTs and allowing direct online purchases.