• Dhanashri J. Naphade
• Prof. Manjiri U. Karande
• Aditya S. Narkhede
• Chirag S. Badhe
• Gayatri B. Borle

The equitable distribution of royalties linked to the trade of digital assets, particularly Non-Fungible Tokens (NFTs), has become a significant point of contention. Amidst differing viewpoints and technological challenges, various stakeholders have devised tailored solutions to address this issue. Consequently, creators and buyers have encountered obstacles in achieving transparent, secure, and interoperable exchanges of these assets, often needing to make compromises to engage with the broader community. This research focuses on automating royalty payments. Initially, we explore the existing limitations and articulate their fundamental requirements before introducing a marketplace-agnostic trading framework that prioritizes royalty considerations for NFTs. This innovative approach, known as the RM-TLSC (Royalty Management Token-Level Smart Contract), harmonizes token and Smart Contract principles to ensure seamless royalty management throughout the asset's lifecycle. A comprehensive, open-source software implementation is provided for the Ethereum blockchain, while the generality of the approach is cross-checked by an open-source proof of concept for the Tezos blockchain.

Blockchain, Non-Fungible Tokens, Royalty, Smart Contracts, Ethereum.

"“Royalty-Friendly Management Digital Asset Exchange On Blockchain”", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 3, page no.e374-e378, March-2024, Available :http://www.jetir.org/papers/JETIR2403444.pdf

"“Royalty-Friendly Management Digital Asset Exchange On Blockchain”", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 3, page no. ppe374-e378, March-2024, Available at : http://www.jetir.org/papers/JETIR2403444.pdf