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Joined 1 year ago
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Cake day: August 1st, 2023

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  • My idea is that the art is being sold and the NFT only says who owns it. It doesn’t need to be digital art, it can be just about anything where an original creator should benefit from the item changing hands.

    Whenever the NFT changes hands, there are fees associated, which would include a portion of the sale going to the original artist, a royalty. And because the NFT exists on a publicly visible blockchain, back alley sales can’t happen ensuring that the artist gets paid.

    This type of thing helps ensure that artists benefit from their art going into demand and increasing in value.