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In an era where open-source software (OSS) has become the backbone of technological innovation, contributing to an estimated $8.8 trillion in economic value, we face a paradox. While OSS drives significant cost savings and fosters innovation, the sustainability of these projects is increasingly at risk due to insufficient compensation for developers.
This often results in project abandonment (95%), leading to critical security vulnerabilities and additional economic burdens because 95% of used OSS is outdated due to these problems [Open Source Software: The $9 Trillion Resource Companies Take for Granted - Harvard Business School].
Non-Fungible Tokens (NFTs) are widespread in the Blockchain ecosystem, with established trading marketplaces. We introduce a new approach to software licensing and code ownership trading through smart contracts and NFTs, combined with a new Open Compensation Token License (OCTL).
The implementation specifically leverages the Ethereum/Arbitrum network and is running there already as minimum viable product.
