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SuperRare Founder Stands By Controversial Decision to Include Artist Royalties

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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…

SuperRare Founder Stands By Controversial Decision to Include Artist Royalties

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

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SuperRare, a popular marketplace for buying and selling non-fungible tokens (NFTs), has been making waves in the art world for its controversial decision to include artist royalties. During the recent NFT Paris conference, SuperRare’s founder, Jonathan Perkins, defended this decision and affirmed its importance.

According to Perkins, the decision to pay artists royalties was made five years ago when the platform was just starting out. At the time, SuperRare wanted to help artists make money through their art, and including royalties seemed like a logical step. However, this was not a universally accepted idea, and many in the art world viewed it as controversial.

Despite the criticism, Perkins believes that SuperRare’s decision to include artist royalties has played a significant role in establishing new standards in the art world. By valuing the work of artists and allowing them to earn money long after a sale has been made, SuperRare has helped to promote a fairer and more sustainable model for the art market.

Perkins did not elaborate on how SuperRare determines the amount of royalties paid to artists or how often these payments are made. However, he did confirm that artist royalties will continue to be a part of SuperRare’s platform and will not disappear.

While the inclusion of artist royalties may have been controversial at first, it appears that SuperRare’s approach is gaining wider acceptance. Other NFT marketplaces, such as Nifty Gateway and Foundation, have begun to offer similar royalty systems to their artists.

In conclusion, SuperRare’s commitment to paying artist royalties has been a significant development in the NFT art world. While controversial at first, it has helped to establish new standards and promote greater fairness in the art market. With the growing popularity of NFTs, it is likely that more platforms will follow SuperRare’s lead and offer similar royalty systems in the future.

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