3 ms·

>NFTs are a great way to directly fund artists and creators in general This feels like a weird conclusion given the issues encountered.

• emptybottle 5y ago
  What it weird about it? Minting NFTs and being paid directly for editions sold seems like a good model to directly fund artists. Plus the creator will receive a royalty percentage on subsequent sales, so they will be paid even if the price goes down as long as transactions are still happening.
  • cuteboy19 5y ago
    Most NFTs are procedurally generated. Artists are not involved anywhere in the process. Infact a lot of art communities are openly hostile to NFTs
  • Imnimo 5y ago
    It sounds like gas fees will syphon a significant portion of sale income (both in the form of gas for minting and gas fees paid by the purchaser) for all but the highest-paid artists, and legitimate artists will have to compete with scam NFTs pumped up by fake bids and wash trading.
  • dehrmann 5y ago
    If you want to support an artist or a cause, it seems easier to just give them money.