With the finalization of the ERC721 standard, non-fungible tokens (NFTs) started receiving a large amount of attention. These provably unique assets are stored on the blockchain and introduce a new way to collect and trade art, music, profile pictures (PFPs), and more. In the summer of 2021, creating and selling NFTs became a quick way to accumulate wealth because of the boom in popularity.
However, when reading the underlying specification, you'll notice no functionality for acquiring and splitting royalties in either the ERC721 or ERC1155 standards. These standards only deal with ownership state tracking, approvals, and direct transfers.
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