In this episode of Coders Corner, we dive into the world of web3 and crypto and discuss EIPs (Ethereum Improvement Proposals).

We start by explaining what EIPs are and the first EIP to be discussed, 

EIP 2981, which is the NFT royalty standard. This proposal provides NFT creators with a source of revenue by giving them a percentage of every transaction that occurs with their NFT. 

The transactions are transparent and controlled by smart contracts, making it easy for everyone to see how the NFT is performing. 

Additionally, this proposal handles all the calculations and administrative work involved in calculating royalties. However, it is important to note that this concept is still new and not widely adopted in the market, and can be a bit technical. Tune in to this segment to learn more!

0:00 Intro
0:31 What is EIP?
0:47 EIP 2981
01:19 Advantages
02:19 Disadvantages

Read a more in dept article about EIP 2981: https://glorypraise.hashnode.dev/eip-2981-nft-royalty-standard

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