According to the latest reports, there is an Ethereum Improvement Proposal, dubbed EIP-6969, is looking to implement Contract-Secured Revenue (CSR) on Ethereum L2s. Check out the latest details about all this.
ETH new proposal addressed
CSR refers to a series of smart contracts that enable developers to earn revenue. This would happen whenever others interact with the code they have deployed on-chain.
Kevin Owocki, which is one of the co-authors of EIP-6969, told Blockworks that his firsthand experience as a builder in the Web3 space made him aware of the difficulties that are involved in monetizing the products he had actively helped create.
“There are really not that many opportunities to monetize in a way that’s sustainable and not very speculative,” Owocki said.
EIP-6969 presents a generalized protocol which networks can reference in order to implement Canto’s Contract Secured Revenue (CSR) on any EVM L2.
Contract Secured Revenue = developers get revenue when ppl use their contracts .https://t.co/nxdgypdgDw
— Owocki.Ξth (🍄,💚) (@owocki) May 8, 2023
Ethereum in the news
An Ethereum-based (ETH) gaming altcoin managed to shine in the crypto markets after being listed on tech giant Apple’s app store.
In a new announcement, the important gaming metaverse Axie Infinity (AXS) says it’s expanding its global reach by joining forces with Apple to bring over its strategy-based card game to iPhone users in Latin America and East Asia.
“We’re thrilled to announce that Axie Infinity: Origins is now available on iOS in select countries across [Latin America] and Asia!”
The announcement continued and said the following:
“This is [an] important step towards a world where anyone, anywhere can experience the magic of Axie on their preferred device. If you live in Argentina, Colombia, Peru, Mexico, Venezuela, Indonesia, Malaysia, or Vietnam, you can now download Origins for iOS from the AppStore.”
Check out our previous piece on the matter to learn more.