Vitruveo’s Creator Vault — Smart Contract Feature

We are excited to announce that this May, the Vitruveo team is getting ready to push out the “Creator Vault” Smart Contract feature of VTRU Suite’s VTRU Studio.

For those unfamiliar, VTRU Studio is our core ‘gateway’ platform that is designed for artists to onboard and manage their artworks for blockchain integration.

VTRU Studio encompasses flexible tools that creators need to navigate the evolving landscape of digital art and blockchain technology. This platform not only facilitates the creative process, but also offers new avenues for artists to monetize and distribute their work, marking a significant step forward.

No Minting. Only Consigning

On Vitruveo, a Creator never mints anything. They “Consign” their artwork to the Vitruveo blockchain, and when a Buyer requests an NFT License, the creator’s artwork asset is minted into their individual Creator Vault.

What is Creator Vault?

Fully compatible with ERC-721, the Creator Vault is a Smart Contract that has features such as on-chain Metadata, on-chain Licenses and multisig.

Each Creator on Vitruveo has their own Creator Vault. When a buyer licenses something from the creator, it will automatically be in the Creator Vault Smart Contract Feature. This includes:

• NFT Licenses
• Stream Licenses
• Print Licenses
• Remix Licenses

Licensing Income will be delivered to the Creator Vault

The Creator Vault will also contain all of the Creator’s Authorized Wallets; all the Creator’s licensing income will be delivered here. The funds wait here until the Creator claims them with a minimum of two Authorized Wallets approving the transaction.

This feature, a Multi-signature of ‘multisig’ as commonly known, requires a minimum of two people to authorize a transaction hence keeping the funds safe and highly secure from hacking.

Why Creator Vault?

We foresee a future where there will be hundreds of marketplaces on the Vitruveo blockchain. With this in mind, we want to make sure it is easy and straightforward for anyone to create their own marketplace in Vitruveo, in under 5 minutes.

And, it doesn’t matter which marketplace a Buyer comes from, whatever artwork they license from Vitruveo, will always be in the Vitruveo Creator Vault.

Embracing a Secure and Transparent Future for Digital Creativity

By placing creators at the center, and prioritizing security, transparency, and innovation, we, at Vitruveo continue to pave the way for a dynamic and inclusive digital ecosystem.

What now?
If you are a passionate innovator and creator who wants to be at the forefront of art and innovation:

1. Subscribe to our Medium to get the full story

2. Follow us on Discord (discord.gg/vitruveo) to meet the community and jump in on discussions

3. Follow us on Twitter (X) to stay updated

4. Follow us on Instagram and share our journey

5. Visit dreamer.vitruveo.xyz to get all artist-related information

6. Watch our content on YouTube

7. Follow VTRUSuite development on our dedicated Twitter

Let’s unlock sustainable creative expression using the power of blockchain technology.

Let’s drive the Creator Economy together!