EBay, the online marketplace giant, has recently announced the launch of a new smart contract for its Non-Fungible Token (NFT) marketplace, KnownOrigin. This new contract is designed to help creators of digital art and collectibles to securely store and manage their digital assets.
The Creator Smart Contract is a blockchain-based platform that allows creators to securely store and manage their digital assets. It also provides them with the ability to set up rules and regulations for their digital assets, such as who can access them, how they can be used, and how they can be sold. The contract also allows creators to set up a payment system for their digital assets, allowing them to receive payments directly from buyers.
The Creator Smart Contract is designed to make it easier for creators to manage their digital assets and protect their intellectual property. It also provides them with the ability to monetize their work by allowing them to set up a marketplace for their digital assets. This will allow them to sell their digital assets directly to buyers, without having to go through a third-party platform.
The Creator Smart Contract is part of EBay’s larger effort to expand its NFT marketplace, KnownOrigin. The platform is designed to provide a secure and reliable platform for creators of digital art and collectibles to store, manage, and monetize their digital assets. The platform also provides buyers with the ability to purchase digital assets directly from the creators, without having to go through a third-party platform.
EBay’s Creator Smart Contract is an important step forward in the development of the NFT marketplace. It provides creators with the ability to securely store and manage their digital assets, as well as monetize their work. It also provides buyers with the ability to purchase digital assets directly from the creators, without having to go through a third-party platform. This will help to create a more secure and reliable marketplace for digital art and collectibles.
Source: Plato Data Intelligence: PlatoAiStream
