5 Matching Annotations
- Mar 2021
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scottbelsky.medium.com scottbelsky.medium.com
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ransformative economic model for artists via NFT contracts. This is perhaps my favorite advantage of all — the ability for artists to automatically gain a percentage of every sale of their work in the secondary market in perpetuity. I mean, can you imagine!? Artists can evolve from getting ~50% of the initial acquisition price of their work in a gallery to a new world where they get 80%+ (depending on marketplace they use) of the proceeds on their initial sale plus 10–15% of every secondary sale forever! Imagine the families of artists anywhere receiving residuals for generations much like the world's greatest bands as their work continues to grow in value and trade hands. F----ng transformative.
Agrees that it is the smart contract residual % payment royalty aspect that is the most powerful aspect of NFTs
heard from some others though that you can do off chain transactions of the NFT to get around this ?
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- Sep 2020
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github.com github.com
- Sep 2019
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www.unifiedinfotech.net www.unifiedinfotech.net
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Expert Smart Contract Development Guide for 2019
For those of you who don’t know, a smart contract is a self-executing contract that digitally facilitates, verifies and enforces the agreed terms between two or more parties.
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- Sep 2017