Are NFT Royalties the Way? How to Build a Sustainable Creator Economy - Ep. 414

Unchained

Sterling Crispin, artist and software developer and Holly Herndon, host of the Interdependence podcast, talk about the problems that creators face, some potential solutions, and the debate over creator royalties.

Show highlights:

how Holly and Sterling got into crypto
how Holly used the Holly Plus Project to pay royalties
how NFTs change the economic experience of being a creator
how creators make money and why it is so difficult for most of them
whether NFT royalties are necessary for artists
why creators are the ones that should decide to charge royalties or not
how the enforcement of royalties also occurs in the traditional art world
whether NFT royalties only benefit big players vs. smaller creators
what shifts could make paying royalties a norm, the way paying for music streaming became a norm over piracy
other solutions to helping creators earn from their work besides NFT royalties
whether NFT creators should use blocklists
whether people objecting to blocklists can be hypocritical about decentralization
whether creators can build their own marketplaces
how a profit-sharing model among creators could work