
π©πͺ German guy in his 30s β€οΈβπ₯ Art collector (Post War Period) π€ Product Lead in Online Software π» Cat Dad π¨βπ» Product Lead @ some.place
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Couldnβt help but mint one π
even more interested now :)
1/2 Actually a lot of mechanics like this are also in place on the βtraditionalβ 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.
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.