Arweave has introduced the Universal Data License (UDL), a framework that allows content creators to monetize their work. With UDL, you can attach license rights to your content and set parameters such as royalties, split, or duration of the license. By adding predefined tag names and values to your content on Arweave, you grant licensees specific rights to use your content. These rights can include allowing derivative works, requiring credit or source indication, revenue sharing, commercial use permissions, and more. You can also customize the currency parameter, payment addresses, and payment mode.
Arweave’s atomic assets solve the storage issue faced by on-chain NFTs by storing all data on-chain. Atomic assets have full on-chain data storage, permanent storage, and no capacity limits. Creators can add tags to atomic assets as licenses. The BazAR marketplace on Arweave allows users to trade atomic assets using the $U token and removes intermediaries through its trustless on-chain orderbook.
In conclusion, Arweave’s UDL provides a way for content creators to monetize their work by attaching license rights to their content. Atomic assets offer a solution for on-chain NFT storage, and the BazAR marketplace allows for trading these assets.
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