Can anyone help me with an example of how exactly to implement the EIP 2981 Royalty standard of NFT in smart contract.

This EIP doesn't really provide a way to transfer the royalty fee to the owner, does it?

Kindly let me know how exactly can this be implemented?

Anyone with good expertise in NFT...please help me with this 😐

“Marketplaces and individuals implement this standard by retrieving the royalty payment information with royaltyInfo(), which specifies how much to pay to which address for a given sale price. The exact mechanism for paying and notifying the recipient will be defined in future EIPs. This ERC should be considered a minimal, gas-efficient building block for further innovation in NFT royalty payments.”

It's not defined yet, according their EIP-2981 official doc.

Yes exactly.

That's what my concern was.

So basically, the contract that is implementing this EIP interface has to find out their own ways to taking royalties right?

And if a contract has to implement its own functionalities for transferring royalty amount , what exactly is the significance of EIP 2981 @SimonTianPhD

@SimonTianPhD

A place holder.

Do you mind If I DM you for a quick chat around EIP 2981? @SimonTianPhD

@zaryab2000 Sure.

Thanks