Does anyone know of a way to verify that someone owns an NFT and gives a 3rd party the right to use it and split a share of any profits derived from the sale of merchandise etc.?
For example, I purchase an NFT where I then own the rights to that image. I licence this to the 3rd party they sell a t-shirt with the NFT image and I earn a % of the profit.
The owner of the NFT is able to monetise their asset and the 3rd party is legally using the asset (in this example an image).
It could make the NFT more valuable if the NFT is generating a passive income for the owner.
I've heard there is a platform where you can lock your asset (crypto) in a smart contract and use it as collateral for a loan, so if that's possible via the Blockchain, this must be too.
I guess I'm basically looking for a way to easily record permission of use that is transparent and visible on the Blockchain.
If anyone has any ideas or could point me in the right direction to learn more I would be grateful.
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