SuperRay founder, Jonathan Perkins, states royalties for artists were established years ago
According to reports, Jonathan Perkins, founder of SuperRay, said during the NFT Paris conference that the decision to pay the creator had been made five years…
According to reports, Jonathan Perkins, founder of SuperRay, said during the NFT Paris conference that the decision to pay the creator had been made five years ago. He said: “At that time, we took a controversial measure to include artist royalties. If we can help artists make money through royalties, why not at least try it? Therefore, we have played a certain role in establishing certain standards, at least in art. SuperRare’s royalties will not disappear.”
Founder of SuperRare: SuperRare’s NFT royalties will not disappear
Interpretation of the news:
During the NFT Paris conference, Jonathan Perkins, the founder of SuperRay, stated that the decision to pay artists royalties had been made five years ago. According to reports, he explained that including artist royalties was a controversial measure at the time, but the team decided to try it out. Their reasoning was simple: if they could help artists make more money through royalties, why not give it a shot? SuperRay’s move helped establish certain standards, at least in art, and Perkins was confident that these royalties for artists will not disappear.
It’s interesting to note that SuperRay was ahead of the curve in this regard. While many NFT marketplaces and platforms have only recently started to include artist royalties, SuperRay was implementing it five years ago. Not only did they help establish standards in the industry but it could also have been a factor in SuperRay’s growth and success.
What’s evident is that NFTs have provided an opportunity for artists to take control of their intellectual property and earn royalties from it. This is probably why several artists like Beeple, who sold an NFT artwork for a whopping $69 million, are taking a keen interest in this space. Due to the hype, questions on ownership and royalties have been raised in the NFT community, and platforms that offer artists royalties may have an edge over others that don’t.
Moreover, the inclusion of royalties could also help smaller artists who may struggle to make ends meet. NFTs have enabled artists to bypass traditional gatekeepers such as galleries, auction houses, and agents. Although selling artwork through NFTs is still a novel concept, it has the potential to democratize the art world. When artists are compensated fairly for their work, it opens up opportunities for more diverse creators to showcase their talents.
In conclusion, SuperRay’s decision to include artist royalties five years ago shows that establishing fair compensation for artists was always at the forefront of the NFT industry. By enabling artists to earn royalties, the industry is making strides towards democratizing the art world. It’s a significant step forward in ensuring creators are compensated fairly for their work.
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