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✳️ dcposch
@dcposch.eth
you could make an NFT that requires a flat payment for any transfer. ungameable, uncircumventable but guys if the smart contract allows you to trade for 0% then any amount above that is a tip jar. expecting convention to trump code is Not Crypto
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✳️ dcposch
@dcposch.eth
and artists demanding 10% of every future sale strikes me as greedy. nothing else works that way. imagine if every time an AAPL share changes hands, 10% of the total gets paid to the company. i guess that would be on-brand for them...
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mk
@mk
10% might be high, but cutting artists out seems even more greedy to me.
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✳️ dcposch
@dcposch.eth
Do you think the traditional art market is "cutting artists out"? You buy from the artist and you pay them; the art is now *yours*. If you sell it later you don't pay them a second time.
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Andreas
@0x0
1/2 Actually a lot of mechanics like this are also in place on the “traditional” art market where for some artworks/artists (not all of them) at least here in Germany you not only pay royalties to the auction platform itself when you successfully bid on an item but there is also an amount that goes to the artist.
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Andreas
@0x0
2/2 platforms like opensea have taken the auction platform role in the nft space - and they copied the mechanics of a traditional art platform quite well when it comes to fees, while at the same time having automated a lot if not all of the workflows. Id rather give back even more than now to creators than platforms.
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