Commercial and Business Opportunities for Artists in Web3 | HackerNoon

  • 📰 hackernoon
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Artistic autonomy has probably been a fraught issue since the dawn of time. - blockchain art

Even artists like Raphael had to balance creative desires with the whims of his patrons, at times sacrificing artistic integrity for his livelihood. While the advent of the creator economy emboldens contemporary artists to create what they choose to , the relationship between creators and the platforms that host them—like YouTube, Twitch and TikTok—can still be parasitic.

Think of a football club selling tickets through their fan token. The token increases in value over a period of let’s say 1 or 2 years. Such a monetization method is beneficial both in the long term and short term and would return value even to the fans. There is a seemingly interesting appeal of purchasing and owning a non-fungible token. This appeal has even surpassed the need to tangibly buy and own the digital version of such an item. When one owns an NFT gif, they become the sole owner but cannot restrict other internet users from using, interacting and downloading that piece.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And nfts do nothing to solve that 👍

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 532. in US

United States United States Latest News, United States United States Headlines