KnownOrigin Launches Creator Contract Function with Profits and Royalties Sharing Feature

02/16/2023 11:35 • Tech Ticker • 133 views

It is reported that KnownOrigin, the NFT market of e-commerce giant eBay, tweeted that the new creator contract function will be launched on February 24, allowing creators to share profits and royalties as co-creators. From February 24, all approved creators on KnownOrigin can deploy and cast on their own contracts through their portal. Meanwhile, the NFT project “Draw the Undead 2022” launched by KnownOrigin and DFZ Labs in cooperation with the creator contract has been launched in KnownOrigin today and can be purchased from February 24.

The NFT market KnownOrigin will launch the creator contract on February 24, allowing creators to share profits and royalties

Interpret the above information:

KnownOrigin announced the launch of a new creator contract function, which would go live on February 24. This feature would enable artists, designers, and creators to share profits and royalties on their creations as co-creators. This move would be a significant step forward for NFT markets, such as KnownOrigin, to support creators in making a living from their work.

From February 24, all approved creators on the platform would be able to deploy and cast their own contracts through their portal, giving them more control over their work and finances. With this feature, creators would be able to set their own terms and conditions for their work, such as the percentage of profits or royalties that they would share with co-creators. This move would encourage collaboration and creativity among creators, leading to a more diverse and innovative NFT ecosystem.

KnownOrigin also announced the launch of a new NFT project called “Draw the Undead 2022,” which would be implemented using the new creator contract function. This project was developed in collaboration with DFZ Labs and would allow NFT enthusiasts to purchase unique zombie-themed collectibles. The project would be available for purchase from February 24, giving creators and enthusiasts alike a taste of what is possible with the new creator contract function.

In conclusion, KnownOrigin’s latest move to launch the creator contract function with profits and royalties sharing feature would revolutionize the way NFT markets support and compensate creators. The platform’s embrace of open collaboration, creativity, and financial transparency would unlock new possibilities for the NFT ecosystem and encourage more creators to join the platform. With “Draw the Undead 2022,” KnownOrigin is showing that it is not afraid to innovate and experiment with new NFT concepts, making it an exciting platform to watch in the coming months.

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