On a creator perspective, NFT standards brought the opportunity to earn royalties when our work is used as a speculative asset and that was a giant footstep driving us to join the onchain adventure. From my point of view, everything should have royalties, from wine to sculptures, because every creator should get a direct share of every benefit made with their creation. Although royalties have been around, especially in the music industry, blockchain technology has made it possible to automate the process.

The same applies to ownership. NFTs and blockchain technology make ownership trustworthy and immutable, enabling communities to own their contributions to ecosystems and sometimes even profit from them. However, the current state of the NFT market leaves much to be desired. Either creations must be treated as assets, requiring community members to take speculative risks to own them, or they hold little value due to widespread distribution, lack of uniqueness, or over-specialization.

Considering the influence of communities in the success of a creator and the time and effort invested without proportionate rewards, it appears that onchain creators have missed an opportunity to leverage blockchain capabilities to better reward their communities for the support.

Last bear market has been fruitful in terms of innovations regarding the composability of financial flux, especially for NFT flux. Zora and Mirror teams innovated much in this direction allowing a better dispatch of income between, platform, creator(s) and ... the first collector.

Why prioritize the first collector? One might speculate that the concept originated from someone who spent years mastering the art of being first to comment on YouTube videos and decided it was time to monetize this skill. On a more serious note, the intention appears to have been to reward communities. However, determining how many individuals should be rewarded beyond the first collector remains a challenge, and this approach still represents a significant step forward.

Rewarding only the first collector seems a bit arbitrary, considering the global nature of onchain communities. This method often enables farmers and bots to claim a substantial portion of these rewards. Moreover, it's important to recognize that communities are composed of many individuals, not just one. Therefore, a more comprehensive and inclusive reward system should be considered.

Most of those composability innovations on income flux were brought by splits.org offering infinite and open composability. When I discovered their work, I realized what was missing: sharing direct income of creations with the community.

For an NFT project, it would mean sharing parts of the primary sale amount or/and part of the royalties amount with the community in exchange to time, actions or nul/minimum financial trade.

The best is that it doesn't only applies to art but to anything working with wallets payment (almost anything onchain). That might be worthy addition to airdrop and DAO by adding another blockchain enabled tool to empower community.

I've decided to use this framework for my new collection that will be announced on 12 March 2024 by sharing 30% of rewards, primary sales and royalties linked to it to supporters (subscribers here, owner of previous collections, owners of previous mood drops or mood drops captures etc.).

This collection will have two parts for each piece:

• An ERC-1155 preview distributed through Zora adressing rewards and royalties to a mutable split with 30% to supporters

• A unique ERC-721 minted and auctioned on Manifold addressing primary sales revenue and royalties to a immutable split with 20% to corresponding ERC-1155 owners and 10% to supporters split

For now i'll have to calculate shares manually but i deeply hope their will be a way to automate it soon, especially a decentralized one.

State isn't perfect for now, but splits.org with immutable, mutable and liquid splits allows much use cases, plus with a bit of manual tasks great things can be achieved.

Even with minimal financial trade, this look quite close to securities so be careful if you plan to make millions/billions with your project.

cover image: EVN043Travel12 from main collection https://opensea.io/assets/matic/0xd7159f5a5c1ce995553abfdd1fc97d64346da757/42