ehsto. is looking to implement a decentralised web application that enables the distribution of royalties from the sale of NFT "X" to accounts holding any NFT listed by asset ID during the minting process.
a use case (example only) is outlined below.
DISCLAIMER: The content of this webpage is provided for a hypothetical purposes only. No part of this webpage constitutes a road map for the PRESSURE MEDIATION collection. The purchase of any NFT from the PRESSURE MEDIATION collection does not entitle the owner to future royalty payments. All PRESSURE MEDIATION NFT's are sold at face value only, PRESSURE MEDIATION NFT's are links to digital images which represent the digital version of a physical artwork only.
image: 31 daily artworks from January 2021
use case (example only): a tokenised daily drawing practice with monthly NFT's compiled from each days artwork.
PRESSURE MEDIATION is the daily practice of a creative process by ehsto.contributor Josh Galletly who has produced at least one physical artwork everyday since 23rd Sept 2019. The project began exploring the premise "everyone has something to offer" with a focus on incremental change and a commitment to process over outcome.
STAGE 01: Each days artwork is to be tokenised as an NFT. On every sale of a daily NFT a 10% royalty payment is sent to the NFT creators account, the seller is paid and the buyers account receives the NFT.
TOTAL SUPPLY TO-DATE:
example of a Monthly NFT for January 2021
STAGE 02: Each months collection of daily artworks has been complied into an animated .gif to be tokenised as a single Monthly NFT.
On each sale of a Monthly NFT, X% of the payment is to be distributed between all accounts that hold a daily drawing from that month at the time of the transaction. If one account holds 5 daily drawings from the same month it would receive 5/31 of the royalty payment (for months with 31 days)
#200901 Sterling Silver 925. Hand engraved by Josh Galletly
Alternative Rewards Models
Fractionalized Monthly NFT's or editions of 31
The Monthly NFT's could be fractionalized or have a supply equal to the number of days in each month
A rewards pool could be funded with X% of the sale of both the daily and monthly NFT's and then distributed to the collector accounts periodically from the rewards pool.
Developer Solution: Cosimo Bassi
An adaption of Cosimo's AlgoRealm NFT Game could be for a Monthly NFT to be transferred automatically to the account which has made the largest donation to the rewards pool / paid the highest price for a daily NFT from the same month.
#200411 Raked beach by Josh Galletly, Lennox Head, NSW
ehsto.org exists to inspire creative projects that explore the premise "everyone has something to offer."
With the first ehsto.project producing a daily supply of artworks, the implementation of Algorand NFT's seem like a logical next step in the projects evolution.
ehsto.org has begun raising funds to help explore the reward models described above through the sale of NFT's via ab2.gallery
Pressure Mediation 1/1 NFT's are available now: ab2.gallery/pressure-mediation
The rewards models described above use the Pressure Mediation collection as a use case example only. Once a technical solution has been found there are many other factors which will need exploring before such a concept can be implemented.
DISCLAIMER: No part of this webpage constitutes a road map for the PRESSURE MEDIATION collection. The purchase of any NFT from the PRESSURE MEDIATION collection does not entitle the owner to future royalty payments. All PRESSURE MEDIATION NFT's are sold at face value only.