3 ms·
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
by 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 agoMost 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 agoIt 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 agoIf you want to support an artist or a cause, it seems easier to just give them money.