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Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by TigeriusKirk on Sunday March 14, 2021 @01:20PM (#26456956)
From the original sale almost all of it goes to the person who minted it, minus a small fee (around 5%) for the platform. That should be the artist, but of course there are people minting art that isn't theirs. There's efforts to catch and remove that, but a lot slips through.

From secondary market sales, the artist can get a royalty if they choose and the secondary transaction is on the same platform. Typically around 10%. The same platform requirement is an issue and hopefully a future NFT standard smart contract will build in a royalty option/.

Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by ALittleLight on Sunday March 14, 2021 @05:40PM (#26459561)
How do you remove tokens minted by people other than the artist? Who removes it, and what stops that person or those people from removing legitimate tokens?
Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by Rule35 on Sunday March 14, 2021 @07:48PM (#26460783)
Either you don't, and can't, or you build a special script with a revocation list run by trusted 'Oracles' who would essentially notarize a legal claim by the artist into a blocklist of image hashes, or a whitelist of who can mint NFTs for those hashes.

Those Oracles would ideally be known parties who could be sued under the laws of their jurisdiction for lying.