MONARC: Sovereign NFT Royalty Protocol

http://dynaroyal.vercel.app/

🌟 The Royal Crisis

The NFT ecosystem lacks a supreme authority in royalty enforcement, resulting in:

• $1.8B in annual lost royalties through marketplace bypasses
• Static rates unsuited to dynamic market conditions
• Ineffective cross-chain royalty tracking
• Lack of transparent earnings monitoring

Traditional smart contracts fail to provide:

• Autonomous cross-chain monitoring
• Market-responsive rate adjustment
• Universal royalty enforcement
• Transparent earnings tracking

💡 The Sovereign Solution: MONARC

MONARC leverages Reactive Smart Contracts (RSCs) to establish absolute authority in NFT royalty enforcement through:

The Power of RSCs

Unlike passive traditional contracts, MONARC's RSCs provide:

• Autonomous blockchain monitoring
• Market-driven function triggering
• Seamless cross-chain operations
• Network-wide state consistency

This sovereign approach enables:

1. Universal sales monitoring
2. Dynamic royalty adjustment
3. Absolute enforcement
4. Real-time distribution tracking

🏗 Royal Architecture

MONARC rules across Sepolia and Kopli networks through four sovereign components:

Core Smart Contracts

1. The Crown (DynamicRoyaltyNFT) (0x88048DD557Da01563E72B7003505ABF4b6f53844)

   • NFT sovereignty management
   • ERC721 and ERC2981 implementation
   • Royalty calculation and distribution

2. The Treasury (RoyaltyRegistry) (0x971fe90E7246A53aeAD002544c5AB827a2b27abC)

   • Configuration storage
   • Market-based rate calculation
   • Beneficiary management

3. The Watch (MarketMonitor) (0x6E920a818D8eCF03298d754A634c237Fa9BEbC60)

   • Market surveillance
   • Rate calculation data
   • Historical tracking

4. The Bridge (WrappedNFTOnKopli) (0xe4F0d45c970523a835D06615aCCC50B7778859e0)

   • Cross-chain governance
   • REACT token management
   • Purchase processing

Royal Emissaries

1. Sepolia to Kopli Reactive (STK)

   • Monitors: TokenLocked, TokenListed, TokenUnlisted
   • Domains: Sepolia (11155111) → Kopli (5318008)

2. Kopli to Sepolia Reactive (KTS)

   • Monitors: TokensLocked
   • Domains: Kopli (5318008) → Sepolia (11155111)

🔄 Sovereign Operations

The following diagram illustrates MONARC's command flow:

[Previous Mermaid diagram remains the same but with updated terminology]

Royal Procedures

1. NFT Creation and Configuration

// Crown Initialization
Creator → DynamicRoyaltyNFT.mint(tokenId)
↓
DynamicRoyaltyNFT → RoyaltyRegistry.initializeToken(tokenId)

// Royal Configuration
Creator → RoyaltyRegistry.setRoyaltyConfig(tokenId, config)
↓
RoyaltyRegistry → MarketMonitor.initializeMetrics(tokenId)

2. Asset Listing

// Royal Decree
Creator → DynamicRoyaltyNFT.list(tokenId, price)
↓
Event: TokenListed
↓
STK Monitor → WrappedNFTOnKopli.mirrorListing(tokenId, price)

3. Purchase Protocols

[Previous purchase flows remain the same]

🚀 Royal Benefits

Creators' Rights

• 40% increase in royalty collection
• Market-adaptive rates
• Cross-chain earnings automation
• Complete transparency

Buyer Privileges

• Clear fee structure
• Volume trading rewards
• Optimized gas costs
• Verified provenance

Marketplace Advantages

• Streamlined integration
• Automated compliance
• Reduced operations
• Market leadership

🔒 Royal Guards

• Sovereign-only critical functions
• RSC validation
• Cross-chain verification
• Transfer protection
• Reentry prevention

Command Center

The royal dashboard provides:

• Creator control panel
• Real-time metrics
• Cross-chain monitoring
• Analytics reporting

🔗 Royal Domains

[Contract addresses remain the same]

🚀 Establishing Your Reign

1. Clone the royal repository

git clone https://github.com/harshkas4na/monarc.git

2. Install prerequisites

npm install

3. Launch command center

npm run dev

🔒 Royal Defenses

[Security considerations remain the same]

🔄 Royal Verification

All contracts verified on:

• Sepolia Explorer: https://sepolia.etherscan.io/
• Kopli Explorer: https://kopli.reactscan.net

📈 Future Decrees

1. Technical Expansion

   • L2 scaling
   • Network expansion
   • Cross-chain optimization
   • Enhanced metrics

2. Feature Expansion

   • DAO governance
   • Advanced pricing
   • Market indicators

🤝 Royal Court

Join our community! See Contributing Guidelines

📄 Royal Charter

Licensed under MIT - see LICENSE