EIP-2981 is a standardized way to retrieve royalty payment information for non-fungible tokens (NFTs) to enable universal support for royalty payments across all NFT marketplaces and ecosystem participants.

RECUR, the tech company that designs and develops on-chain branded experiences allowing fans to play, buy, collect, and re-sell digital products and collectibles (NFTs), announces the acceptance and approval of the Royalty Standard (EIP-2981) by Ethereum.

There are many marketplaces for NFTs with multiple unique royalty payment implementations. So far, these marketplaces have implemented their own bespoke versions, but never before has it been possible for an NFT to trade off-platform and have the secondary royalties captured to go back to the original IP holder in a standardized way.

EIP-2981 creates an agreed-upon payment standard that unifies the NFT community. It allows the ongoing funding of artists, creators and IPs.

On the acceptance of EIP-2981, RECUR’s Trevor George commented, “We’re proud to have worked on setting the standard for recurring royalties for the future.” He continues, “This enables unification across the NFT ecosystem. The more seamless recurring royalties are handled, the more NFT projects, IP & fans will enter the ecosystem.”

About RECUR
Founded by crypto industry expert Zach Bruch and digital licensing industry pioneer Trevor George, RECUR is a technology company that designs & develops on-chain branded experiences that allow fans to buy, collect, and re-sell digital products and collectibles (NFTs). RECUR will be chain agnostic and is fundamentally changing the NFT market by creating and setting the standard for a decentralized recurring royalty, creating the widest distribution and reach for NFTs minted on their platform.