iPal's Smart contract

Introduction:

Empowering our users to publish, sell, and collaborate, we developed a Smart Contract that allows anyone to set up a price and expiry time for the vault. {“Mint price” and “NFT validity duration” (in days)}

The Smart contract enables an automated, verifiable and permissionless payment, access and monetization workflow.

By setting up monetization, Owner’s create a smart contract of their vault, that allows anyone to mint an NFT with a validity duration for the set price, which grants the user access to the vault.

Monetization:

1.1. Setting up access monetization:

After Uploading a vault, click on “Manage access” to define the “Mint price” and “NFT validity duration” (in days)

Currently, we are focusing on reducing entry barriers. Therefore, the Core team is subsidizing Smart contract interactions, by paying the Blockchain’s fees.

1.2. Changing price or expiry time:

• By changing the smart contract’s price and expiry time, Owner’s can change the access requirements any time.

TBD @Axel - is the access still valid if the owner changes the price or expiry time?!?

2. Buying access to a Dataset: