(4) Collections

Disclaimer: here

NFTs, wrapped tokens in their non-fungible form, are part of a collection.

Collections can be deployed permissionlessly. Each Collection has the following properties, set by the protocol message:

• Token (which token the collection belongs to)

• Unit (amount of tokens per NFT)

• Supply

• Inscription (must be spent on creation)

• Royalties (charged in base tokens on creation and/or destruction of NFTs)

• Lock configuration

• Reward configuration

There can be multiple collections per token, with no restriction on who can create them. This allows creators to deploy multiple collections for their tokens, communities to launch NFTs for their tokens, or to enable parts of communities to compete against each other.

Tokens have the potential to serve as a foundational commodity for communities that produce multiple collections, potentially influencing developments in art, tokenomics, and the social dynamics of community-driven projects.

Royalties

The Bones Protocol features a built-in royalty fee system designed to reward creators for their contributions. This system enforces royalties at protocol level, ensuring that creators earn a predetermined, transparent percentage from wrapping and un-wrapping, paid in $BONE. These royalties can be claimed at any time and repeatedly, providing ongoing incentives for innovation. The creator of a collection is recognized as the holder of the collection inscription. More info on that later.

Staking Pools

Collections can be used to configure staking pools. Creators of a token will have the option to automatically distribute tokens to NFTs of pre-determined Collections. Those rewards can be claimed by unwrapping. More info on that later.