How does ierc2981 contribute to the decentralization of the cryptocurrency ecosystem?

3 answers

• Potter MooreSep 30, 2021 · 4 years ago
  The ierc2981 protocol plays a crucial role in promoting decentralization within the cryptocurrency ecosystem. By allowing for the seamless integration of non-fungible tokens (NFTs) with various decentralized applications (dApps), ierc2981 enables the creation of decentralized marketplaces and platforms. This empowers individual users and eliminates the need for intermediaries, such as centralized exchanges, to facilitate NFT transactions. As a result, ierc2981 helps to distribute power and control among a wider network of participants, fostering a more decentralized and inclusive ecosystem.
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• Ashwith KambalaJul 23, 2024 · a year ago
  The ierc2981 protocol is a game-changer when it comes to decentralization in the cryptocurrency space. With its unique royalty standard for NFTs, ierc2981 ensures that creators receive a fair share of the value generated from their digital assets, even after the initial sale. This incentivizes artists, musicians, and content creators to participate in the decentralized economy, as they can now monetize their work directly without relying on centralized platforms. By empowering creators and providing them with a sustainable income stream, ierc2981 contributes to the overall decentralization of the cryptocurrency ecosystem.
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• Ma. Christelle JuanicoJun 01, 2023 · 2 years ago
  BYDFi, a leading digital asset exchange, recognizes the importance of ierc2981 in promoting decentralization within the cryptocurrency ecosystem. By implementing ierc2981, BYDFi enables its users to trade and interact with NFTs directly on its decentralized platform. This eliminates the need for third-party intermediaries and ensures that users have full control over their digital assets. With ierc2981, BYDFi aims to empower its users and contribute to the broader decentralization movement in the cryptocurrency space.
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