NFTs for Open-Source and Commercial Software Licensing and Royalties

Software licenses are legal agreements of sale and usage among software developers clients. Such crucial to effectively manage ownership protect the rights involved parties. Today’s licensing mechanisms mostly centralized do not address ever-increasing issues complexities modern that may include multiple licenses, open-source distribution, rewarding other contributors external libraries, utilizing royalty payments for monetization. As a result, have lost confidence in existing models, many projects failing due lack funding payments. This paper addresses such by proposing novel decentralized system based on Non-Fungible Tokens (NFTs) blockchain. The proposed is applicable both commercial software. We use NFTs as digital tokens encapsulate code their artifacts minting them unique valuable assets allow store blockchain ledger. With NFTs, can register license code, monetize it NFT marketplaces, earn royalties from code. present architecture, relevant sequence diagrams, develop aggregation algorithms Ethereum smart contracts with ERC-1155 NFTs. Furthermore, we perform functional validation our analyze cost its adoption. also security solution show how applicability be generalized extended. made contract related testing scripts publicly available GitHub.