A new EIP standard For creator networks: #Collectives

A new EIP standard For creator networks: #Collectives

The Livetree EIP #Collective proposed open-source standard associated with this whitepaper has been implemented in the Livetree app in its first application but can easily be adopted by other websites and platforms to facilitate (i) the tracking and store of royalties associated with a (“#”) Collective or any Ethereum address including other smart contracts (ii) governance over the associated royalties (iii) creation and lending of NFT Collective owned assets. This is necessary to ensure Creators are not tied to a platform and are independent.