How To Secure Your NFT Collections With ERC721-C: An Introduction

The Ethereum platform has had a profound impact on the internet, unlocking a new breed of applications backed by trustless execution of rules defined in smart contracts and NFTs have clearly been among the most popular uses of the technology. Drawn by the promise of earning permanent royalties on trades of their work, creators once flocked to Ethereum en masse creating a vibrant ecosystem of creative works.

However, the ecosystem has also been described as dark forest. It is an environment where entities operate on-chain with their own agendas, creating a PvP arena for businesses seeking to build on the Ethereum platform. This was clearly demonstrated during the exchange liquidity wars when exchanges moved from an enforced royalty to an optional royalty business model to prop up their own businesses despite breaking the social contracts they made with content creators that powered their exchanges in the first place.

When you release a standard ERC721 collection that is tradeable on all marketplace protocols, it is like entering a PvP arena with nothing to shield your work from outside parties that would go so far as to kill your business’ revenue stream for their own gain. Fortunately for creators, Limit Break has open-sourced the solution. ERC721-C is the armor your collections need to block all adversarial businesses that seek to exploit your work, and the Payment Processor is the marketplace protocol counterpart that puts you in the driver’s seat to decide how your collection can be traded according to rules you define.

Adopting this new standard for your collection allows you to focus on producing captivating content free of worry that your rules will be broken. With ERC721-C, you can guarantee enforcement of:

• Royalty payments
• Permitted external protocols
• Permitted marketplace protocols
• Advanced royalty distribution mechanisms
• And more!

ERC721-C and Payment Processor are sophisticated protocols with many configuration options. Today we are excited to announce the newly expanded Minting Press application that makes it easy to deploy and manage the settings of your collections and take the guesswork out of adopting these revolutionary protocols. As an added bonus, we recently announced that the Reservoir team has built platform-level support for ERC721-C and Payment Processor, so trading liquidity has arrived. This tutorial series will explain everything you need to know to successfully launch an ERC721-C project!

Get started by learning how to deploy a new collection in under 5 minutes!

Limit Break’s ERC721-C, Adventure ERC721-C, Payment Processor, Minting Press, and related services and protocols (collectively “Tools”) are made available on an as-is basis and Limit Break disclaims all representations and warranties, express or implied, in connection with use of these Tools. Users bear all responsibility for ensuring the proper and legal use of these Tools and should exercise best judgment and caution where appropriate when deploying them. Limit Break does not warrant, endorse, guarantee, or assume responsibility for any product or service advertised or offered by a third party using the Tools, and will not be a party to or in any way be responsible for monitoring any transaction between users and any third-party providers of products or services deploying the Tools.