[Part 2] 5 Features of Hokusai API｜Flexible embedded NFT service
Hokusai is a service that allows you to easily integrate all NFT-related functions into your own website in the same way that you can embed a payment system into your own website using Square or Paypal.
The goal of this service is to speed up the development of NFT business by domestic and international businesses due to the changing cost structure and to advance towards a world where Web3 is integrated into our daily lives.
In this article, we will explain how the Hokusai API functions are characterized.
Part 1 is here↓
[Part 1] 5 Features of Hokusai API｜Flexible Embedded NFT service
Hokusai is a service that allows you to easily integrate all NFT-related functions into your own website in the same…
4. Flexible royalty setting
Users of the Hokusai API can set up to 10 accounts to receive royalties in the secondary distribution market.
- Up to 10 accounts can be set
- Profit sharing ratio can be set up to 80
Users of the Hokusai API can set up to 10 accounts for the secondary distribution market. In addition, since royalties are based on the EIP-2981 standard, which allows for cross-platform revenue sharing, creators will receive revenue even if their products are traded on different marketplaces and platforms that use the same standard.
5. Low secondary distribution fees
Even in the case of secondary distribution of NFTs from projects that use the Hokusai API as a foundation, the Hokusai team will receive 0.03% of the revenue.
In the secondary distribution market, Hokusai will increase the rate of return to creators and artists, and will work on measures and partnerships that will increase liquidity.