Unchained Are NFT Royalties the Way? How to Build a Sustainable Creator Economy - Ep. 414
Nov 1, 2022
Sterling Crispin, an innovative artist and software developer, teams up with Holly Herndon, a renowned musician and host, to tackle the challenges creators face in the evolving landscape of NFTs and royalties. They explore how Holly utilized her Holly Plus Project for royalty payments and discuss the complexities of creator compensation in digital economics. The duo debates whether NFT royalties benefit larger creators more than smaller ones and suggests alternative profit-sharing models that could revolutionize how artists monetize their work.
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Holly's Crypto Origins
- Holly Herndon's partner wrote smart contracts without formal training, leading to an Ethereum collaboration.
- This sparked her interest in Web3's potential for artists.
Sterling's Bitcoin Art
- Sterling Crispin's early Bitcoin mining sculpture reflected his concerns about technology and resource depletion.
- He now uses NFTs for conceptual art and exploring the medium itself.
Holly Plus Project
- Holly Plus allows anyone to use Herndon's AI voice model to create music.
- Royalties are split between Herndon, the artist, and the DAO.
