ImmutableX Introducing Tool to Enforce Royalties on Ethereum

Immutable X has designed a tool to make royalties enforceable on-chain. Their tool allows white and blacklisting of marketplaces, allowing creators to determine which smart contracts can send and receive NFTs in their collections. It will soon be available on Ethereum, as well. The lists will be governed by $IMX holders.

Alex Connolly, co-founder and CTO of Immutable, said that the current marketplaces’ standards of soft-enforcement of royalties not only punish traders who want to honor royalties but it also “massively reduces the confidence creators and game studios can have in their revenue streams.”

He goes on to say, "Our vision is an ecosystem where creators have a choice over their royalty model and level of enforceability, and users can vote with their feet when it comes to the projects they feel strike the best balance.”