Yuga Labs, a firm behind the Bored Ape Yacht Club collection, is thinking over a new way how to incentivize activity around the NFT market and reward creators with royalties for trading blue-chip tokens.
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Wylie Aronow, the co-founder of Yuga Labs, suggested in a Substack blog an allowlist, which would allow trading digital collectibles between normal non-custodian wallets and would allow marketplaces "that respect royalties."
If the system identifies that a transfer order was triggered by a smart contract, the allowlist should re-check an oracle of contracts that are known to respect royalties, wrote Aronow.
In case the order was initiated by an externally owned address, then the system should grant permission as this type of transfer might be initiated by someone making an over-the-counter trade, or moving their own NFTs around, he added.
Aronow also acknowledged there might be a governance problem as only the governing or decentralized autonomous organizations should be allowed to regulate the allowlist.
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