As you know, I have been following Enjin for some time now and I must say that I am a big believer in the platform.
Similarly, I am a huge fan of art and digital art on the blockchain, so the thought of combing the two really intrigues and excites me.
Over the past year I have begun to accumulate digital art in the blockchain space from platforms such as Known Origin, MakersPlace, SuperRare, etc
Depending on the platform the percentage of sales an artist receives in the secondary market vary from (5%-10%). This does include the (1%-3%) the platforms receive from secondary sales as well.
Whether or not I agree with these percentages, I think it is great that these platforms are making attempts to set a royalty rates for secondary market sales for the artists.
However, it is very unfortunate to learn that with Enjin the artists do not receive any benefits for secondary market sales.
Hopefully, this can change soon.
A few months ago, I shared my opinion on royalties in the secondary market, as well as my pledge to all artists and all platforms.
I would love to share it with you all here in hopes of shedding a little light on the situation and perhaps sparking the conversation back up.
By the way, when you say “designating an origin wallet” do you mean each artist/token creator would have their own origin wallet where they can each set their royalty rate? If so, that would be great.
Thank you for your proposal, I think it is an awesome idea and an amazing suggestion.
Just so you know, you have my support 100% and until things change you and Enjin have my pledge always.