Skip to content

Commit

Permalink
Add ERC-5666: Add Royalty Debt Registry
Browse files Browse the repository at this point in the history
  • Loading branch information
Bogdan Popa committed Mar 27, 2023
1 parent 3aed162 commit 9468cfe
Show file tree
Hide file tree
Showing 14 changed files with 740 additions and 0 deletions.
108 changes: 108 additions & 0 deletions EIPS/eip-5666.md
Original file line number Diff line number Diff line change
@@ -0,0 +1,108 @@
---
eip: 5666
title: ERC-5666 - Registry for royalties payment for NFTs
description: A registry used for paying royalties for any NFT with information about the creator
author: Otniel Nicola (@OT-kthd), Bogdan Popa (@BogdanKTHD)
discussions-to: https://ethereum-magicians.org/t/eip-5666-royalty-debt-registry/13569
status: Draft
type: Standards Track
category: ERC
created: 2023-03-27
requires: 165, 2981
---

# EIP-5666: Royalty Debt Registry

## Simple Summary

A standard used for providing a way to pay royalties to a NFT’s creator and also cumulate the total paid value for a specific NFT and make it accessible to every NFT marketplace or ecosystem users.

## Abstract

This standard allows anyone to pay royalties for a certain NFT and also to keep track of the royalties amount paid. It will cumulate the value each time a payment is executed through it and make the information public.

## Motivation

There are many marketplaces which do not enforce any royalty payment to the NFT creator every time the NFT is sold or re-sold and/or providing a way for doing it. There are some marketplaces which use specific system of royalties, however that system is applicable for the NFTs creates on their platform.

In this context, there is a need of a way for paying royalties, as it is a strong incentive for creators to keep contributing to the NFTs ecosystem.

Additionally, this standard will provide a way of computing the amount of royalties paid to a creator for a certain NFT. This could be useful in the context of categorising NFTs in terms of royalties. The term “debt“ is used because the standard aims to provide a way of knowing if there are any royalties left unpaid for the NFTs trades that took place in a marketplace that does not support them and, in that case, expose a way of paying them.

Not only the owner of it, but anyone could pay royalties for a certain NFT. This could be a way of supporting a creator for his work.
## Specification
The keywords “MUST”, “MUST NOT”, “REQUIRED”, “SHALL”, “SHALL NOT”, “SHOULD”, “SHOULD NOT”, “RECOMMENDED”, “MAY”, and “OPTIONAL” in this document are to be interpreted as described in RFC 2119.

Every contract compliant with EIP-5666 MUST implement the IERC5666 interface defined as follows:

## Contract Interface

```solidity
// @title Royalty Debt Registry
/// Note: the EIP-165 identifier for this interface is 0x253b27b0
interface IERC5666 {
// Logged when royalties were paid for a NFT
/// @notice Emitted when royalties are paid for the NFT with address tokenAddress and id tokenId
event RoyaltiesPaid(address indexed tokenAddress, uint256 indexed tokenId, uint256 amount);
/// @notice sends msg.value to the creator of a NFT
/// @dev Throws if there are no on-chain informations about the creator
/// @param tokenAddress The address of NFT contract
/// @param tokenId The NFT id
function payRoyalties(address tokenAddress, uint256 tokenId) external payable;
/// @notice Get the amount of royalties which was paid for a NFT
/// @dev
/// @param tokenAddress The address of NFT contract
/// @param tokenId The NFT id
/// @return The amount of royalties paid for the NFT
function getPaidRoyalties(address tokenAddress, uint256 tokenId) external view returns (uint256);
}
```
All functions defined as view MAY be implemented as pure or view

Function payRoyalties MAY be implemented as public or external

The event RoyaltiesPaid MUST be emitted when the payRoyalties function is called

The supportsInterface method MUST return true when called with `0x253b27b0`

## Rationale

With a lot of places made for trading NFTs dropping down the royalty payment or having a centralised approach, we want to provide a way for anyone to pay royalties to the creators.

The payment can be made in native coins so it is easy to aggregate the amount of paid royalties. We want this information to be public, so anyone could tell if a creator received royalties in case of under the table trading or in case of marketplaces which don’t support royalties.

The function used for payment can be called by anyone (not only the NFTs owner) to support the creator at any time. There is a way of seeing the amount of paid royalties in any token, also available for anyone.

For fetching creator on-chain data we will use EIP-2981, but any other on-chain method of getting the creator address is accepted.

## Backwards Compatibility

This EIP is not introducing any backward incompatibilities.

## Test Cases

Tests are included in [`ERC5666.test.js`](../assets/eip-5666/test/ERC5666.test.js).

To run them in terminal, you can use the following commands:

```
cd ../assets/eip-5666
npm install
npx hardhat test
```

## Reference Implementation

See [`ERC5666.sol`](../assets/eip-5666/contracts/ERC5666.sol).

## Security Considerations

There are no security considerations related directly to the implementation of this standard.

## Copyright

Copyright and related rights waived via https://github.com/ethereum/EIPs/blob/master/LICENSE.md.
4 changes: 4 additions & 0 deletions assets/eip-5666/.gitignore
Original file line number Diff line number Diff line change
@@ -0,0 +1,4 @@
node_modules
artifacts
cache
package-lock.json
121 changes: 121 additions & 0 deletions assets/eip-5666/LICENSE
Original file line number Diff line number Diff line change
@@ -0,0 +1,121 @@
Creative Commons Legal Code

CC0 1.0 Universal

CREATIVE COMMONS CORPORATION IS NOT A LAW FIRM AND DOES NOT PROVIDE
LEGAL SERVICES. DISTRIBUTION OF THIS DOCUMENT DOES NOT CREATE AN
ATTORNEY-CLIENT RELATIONSHIP. CREATIVE COMMONS PROVIDES THIS
INFORMATION ON AN "AS-IS" BASIS. CREATIVE COMMONS MAKES NO WARRANTIES
REGARDING THE USE OF THIS DOCUMENT OR THE INFORMATION OR WORKS
PROVIDED HEREUNDER, AND DISCLAIMS LIABILITY FOR DAMAGES RESULTING FROM
THE USE OF THIS DOCUMENT OR THE INFORMATION OR WORKS PROVIDED
HEREUNDER.

Statement of Purpose

The laws of most jurisdictions throughout the world automatically confer
exclusive Copyright and Related Rights (defined below) upon the creator
and subsequent owner(s) (each and all, an "owner") of an original work of
authorship and/or a database (each, a "Work").

Certain owners wish to permanently relinquish those rights to a Work for
the purpose of contributing to a commons of creative, cultural and
scientific works ("Commons") that the public can reliably and without fear
of later claims of infringement build upon, modify, incorporate in other
works, reuse and redistribute as freely as possible in any form whatsoever
and for any purposes, including without limitation commercial purposes.
These owners may contribute to the Commons to promote the ideal of a free
culture and the further production of creative, cultural and scientific
works, or to gain reputation or greater distribution for their Work in
part through the use and efforts of others.

For these and/or other purposes and motivations, and without any
expectation of additional consideration or compensation, the person
associating CC0 with a Work (the "Affirmer"), to the extent that he or she
is an owner of Copyright and Related Rights in the Work, voluntarily
elects to apply CC0 to the Work and publicly distribute the Work under its
terms, with knowledge of his or her Copyright and Related Rights in the
Work and the meaning and intended legal effect of CC0 on those rights.

1. Copyright and Related Rights. A Work made available under CC0 may be
protected by copyright and related or neighboring rights ("Copyright and
Related Rights"). Copyright and Related Rights include, but are not
limited to, the following:

i. the right to reproduce, adapt, distribute, perform, display,
communicate, and translate a Work;
ii. moral rights retained by the original author(s) and/or performer(s);
iii. publicity and privacy rights pertaining to a person's image or
likeness depicted in a Work;
iv. rights protecting against unfair competition in regards to a Work,
subject to the limitations in paragraph 4(a), below;
v. rights protecting the extraction, dissemination, use and reuse of data
in a Work;
vi. database rights (such as those arising under Directive 96/9/EC of the
European Parliament and of the Council of 11 March 1996 on the legal
protection of databases, and under any national implementation
thereof, including any amended or successor version of such
directive); and
vii. other similar, equivalent or corresponding rights throughout the
world based on applicable law or treaty, and any national
implementations thereof.

2. Waiver. To the greatest extent permitted by, but not in contravention
of, applicable law, Affirmer hereby overtly, fully, permanently,
irrevocably and unconditionally waives, abandons, and surrenders all of
Affirmer's Copyright and Related Rights and associated claims and causes
of action, whether now known or unknown (including existing as well as
future claims and causes of action), in the Work (i) in all territories
worldwide, (ii) for the maximum duration provided by applicable law or
treaty (including future time extensions), (iii) in any current or future
medium and for any number of copies, and (iv) for any purpose whatsoever,
including without limitation commercial, advertising or promotional
purposes (the "Waiver"). Affirmer makes the Waiver for the benefit of each
member of the public at large and to the detriment of Affirmer's heirs and
successors, fully intending that such Waiver shall not be subject to
revocation, rescission, cancellation, termination, or any other legal or
equitable action to disrupt the quiet enjoyment of the Work by the public
as contemplated by Affirmer's express Statement of Purpose.

3. Public License Fallback. Should any part of the Waiver for any reason
be judged legally invalid or ineffective under applicable law, then the
Waiver shall be preserved to the maximum extent permitted taking into
account Affirmer's express Statement of Purpose. In addition, to the
extent the Waiver is so judged Affirmer hereby grants to each affected
person a royalty-free, non transferable, non sublicensable, non exclusive,
irrevocable and unconditional license to exercise Affirmer's Copyright and
Related Rights in the Work (i) in all territories worldwide, (ii) for the
maximum duration provided by applicable law or treaty (including future
time extensions), (iii) in any current or future medium and for any number
of copies, and (iv) for any purpose whatsoever, including without
limitation commercial, advertising or promotional purposes (the
"License"). The License shall be deemed effective as of the date CC0 was
applied by Affirmer to the Work. Should any part of the License for any
reason be judged legally invalid or ineffective under applicable law, such
partial invalidity or ineffectiveness shall not invalidate the remainder
of the License, and in such case Affirmer hereby affirms that he or she
will not (i) exercise any of his or her remaining Copyright and Related
Rights in the Work or (ii) assert any associated claims and causes of
action with respect to the Work, in either case contrary to Affirmer's
express Statement of Purpose.

4. Limitations and Disclaimers.

a. No trademark or patent rights held by Affirmer are waived, abandoned,
surrendered, licensed or otherwise affected by this document.
b. Affirmer offers the Work as-is and makes no representations or
warranties of any kind concerning the Work, express, implied,
statutory or otherwise, including without limitation warranties of
title, merchantability, fitness for a particular purpose, non
infringement, or the absence of latent or other defects, accuracy, or
the present or absence of errors, whether or not discoverable, all to
the greatest extent permissible under applicable law.
c. Affirmer disclaims responsibility for clearing rights of other persons
that may apply to the Work or any use thereof, including without
limitation any person's Copyright and Related Rights in the Work.
Further, Affirmer disclaims responsibility for obtaining any necessary
consents, permissions or other rights required for any use of the
Work.
d. Affirmer understands and acknowledges that Creative Commons is not a
party to this document and has no duty or obligation with respect to
this CC0 or use of the Work.
29 changes: 29 additions & 0 deletions assets/eip-5666/README.md
Original file line number Diff line number Diff line change
@@ -0,0 +1,29 @@
<div align="center">

# ERC5666 Royalty Debt Registry

[![License: CC0-1.0](https://img.shields.io/badge/License-CC0-yellow.svg)](https://creativecommons.org/publicdomain/zero/1.0/)

</div>

This project provides a reference implementation of the proposed `ERC-5666 Royalty Debt Registry`.

## Install

In order to install the required dependencies you need to execute:
```shell
npm install
```

## Compile

In order to compile the solidity contracts you need to execute:
```shell
npx hardhat compile
```

## Tests

```shell
npx hardhat test
```
120 changes: 120 additions & 0 deletions assets/eip-5666/abi/ERC5666.json
Original file line number Diff line number Diff line change
@@ -0,0 +1,120 @@
[
{
"inputs": [
{
"internalType": "address",
"name": "tokenAddress",
"type": "address"
},
{
"internalType": "uint256",
"name": "tokenId",
"type": "uint256"
}
],
"name": "CreatorError",
"type": "error"
},
{
"inputs": [
{
"internalType": "address",
"name": "creator",
"type": "address"
},
{
"internalType": "uint256",
"name": "amount",
"type": "uint256"
}
],
"name": "PaymentError",
"type": "error"
},
{
"anonymous": false,
"inputs": [
{
"indexed": true,
"internalType": "address",
"name": "tokenAddress",
"type": "address"
},
{
"indexed": true,
"internalType": "uint256",
"name": "tokenId",
"type": "uint256"
},
{
"indexed": false,
"internalType": "uint256",
"name": "amount",
"type": "uint256"
}
],
"name": "RoyaltiesPaid",
"type": "event"
},
{
"inputs": [
{
"internalType": "address",
"name": "tokenAddress",
"type": "address"
},
{
"internalType": "uint256",
"name": "tokenId",
"type": "uint256"
}
],
"name": "getPaidRoyalties",
"outputs": [
{
"internalType": "uint256",
"name": "",
"type": "uint256"
}
],
"stateMutability": "view",
"type": "function"
},
{
"inputs": [
{
"internalType": "address",
"name": "tokenAddress",
"type": "address"
},
{
"internalType": "uint256",
"name": "tokenId",
"type": "uint256"
}
],
"name": "payRoyalties",
"outputs": [],
"stateMutability": "payable",
"type": "function"
},
{
"inputs": [
{
"internalType": "bytes4",
"name": "interfaceId",
"type": "bytes4"
}
],
"name": "supportsInterface",
"outputs": [
{
"internalType": "bool",
"name": "",
"type": "bool"
}
],
"stateMutability": "view",
"type": "function"
}
]
Loading

0 comments on commit 9468cfe

Please sign in to comment.