Digital Token Art lets Creatives make Money in Secondary Sales
An artist creates an artwork. The artist sells the artwork to a buyer for $100. The buyer then sells the artwork to someone else for $100,000. Today's artist has $100. The first buyer now has $100,000. Is this fair?
Artists in the Digital Token Art world are smarter. They make sure their artworks are only sold through digital platforms. When the artist first sells the artwork, the artist specifies that 10% of every subsequent sale must go to the artist.
An artist in Digital Token Art earns 100% of the first sale to a buyer: 100$. But the artist also earns 10% of the secondary sale or 100,000$: 10,000$. What's the difference? The artists who is not in Digital Art earns 100$. The artist in Digital Token Art earns 10,100$.
Digital Token Art has no Geographic Limits
Artworks are geographically limited. A local gallery cannot be visited by potential buyers in other countries. A website must be found among the millions of other websites on the internet. Shipping internationally is costly and time-consuming.
No matter where you live, you can post your creations on a Digital Token Art platform. Every artwork is posted on almost every Digital Token Art platform. The main difference is how these platforms look.
The benefit for the artist is clear. The artist can easily distribute the art. Anyone in the world can see your Digital Token Art. Anyone can buy it. Digital Token Art has no geographic boundaries.
Digital Token Art includes Physical Art
Digital Token Art can be art that exists physically. A lot of art is physical or material. A painting hanging in a museum. A statue in a park. A sculpture in a living room.
In Digital Token Art, an artwork can reflect this physical art in a digital format. It can be reflected in a digital format like a jpeg file. It can be a GIF. It can be a video.
Digital Token Art is more than just a digital format. It can be a representation of something that only exists in the digital realm. A drawing in Photoshop or Blender. An anime video. An algorithm that continually redraws a digital painting.
Digital Token Art can be anything, like any Audio: Music, Podcasts, Sounds
A lot of art is based on images. But art can also be based on audio. Music can be art. Podcasts can be art. Sounds can be art. Anything that can be put into a digital file can be art. Today, anyone can easily listen to audio-based art.
In the Digital Token Art world, artists can choose to make sure that only those who paid can listen to an artwork. Those who did not pay cannot listen. While you can copy and paste a file for free, you cannot open and listen to it.
Many platforms already exist to listen to audio-based art. Spotify, for example, lets anyone listen to music. But Spotify pays musicians very little. New platforms pay artists a lot more. Like Audius, Emanate, or Rocki.
Digital Token Art makes Creatives more Money
A lot of art has to be sold through intermediaries. If you are selling music, you must pay a publisher or platform to upload your music. If you are selling paintings, you must give a gallery a commission.
Digital Token Art makes it free for creatives to upload their creations on global platforms. Digital Token Art platforms still take a cut for every sale. But the cut is much, much smaller. Platforms should take a cut. They provide a service that they costs money to maintain. But the lion share of revenue should go to the artists.
Digital Token Art is growing rapidly. It's young. It's cool. It's weird. But weird might change the world. Picasso said, “I want to make ugly pictures.” Warhol said, “I want to be a machine.” What will you say?
Sign up to our newsletter. Look at the top-right corner of the screen. Hit subscribe. Fill in your email. Welcome to the NUMOMO community.