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Could this be used to, say, collect a "royalty" on a work of art or good sold in perpetuity? In other words I create a painting that sells at a garage sale for
by johnwyles 6y ago
Could this be used to, say, collect a "royalty" on a work of art or good sold in perpetuity? In other words I create a painting that sells at a garage sale for $5. Then it is picked up by a local art collective and sells for $5,000. Later it is sold at Christies for $5,000,000. All the while my portfolio has benefited from this work but if I can collect forthcoming royalty of the sale of my work it too would be a nuanced stream of income.
Likewise some other thoughts:
- Embedding an NFT in music so other platforms outside of Spotify can grow and each time your song is played you receive a small token?
- A generator I bought from The Home Depot and sold to someone, who then sells it do someone, who then sells it as scrap metal? (incorporating diminishing returns as well?)
- pilingual 6y ago> I can collect forthcoming royalty of the sale of my work it too would be a nuanced stream of income Physical artwork is supposed to work this way. And yes, there are smart contracts that operate this way today.
- evanmays 6y agoYes, I've seen this on Zora Protocol. They have a creator share X%. Every time the work is sold to a new party, the creator gets X%