In my 2022 Predictions post, I referenced Nike’s acquisition of design studio RTFKT, creator of popular NFT collections like Clones. I wrote that one of the benefits of owning the intellectual property behind a project like Clones is the right to receive royalties from secondary trading. Not only does Nike get one of the best design teams out there, but they get a perpetual revenue stream.
Andy! It’s your old law school pal Ben Elkin. Hope you’re well. Trying to get in touch with you. You seem to have a new number. I have the same number. Drop me a line. Wanna talk some business with you. :-)
Even though "royalties" for NFTs and IP are both referred to as "royalties", what do you think about the differences in their implementation? For NFTs you earn "royalties" from NFT transactions (the same NFT can't be "used" by multiple people at the same time) while for IP you earn "royalties" for their usage (many people can "use" IP at the same time).
These seem like pretty fundamental differences. One of them profits off of churn while the other profits off of usage.
Andy! It’s your old law school pal Ben Elkin. Hope you’re well. Trying to get in touch with you. You seem to have a new number. I have the same number. Drop me a line. Wanna talk some business with you. :-)
Even though "royalties" for NFTs and IP are both referred to as "royalties", what do you think about the differences in their implementation? For NFTs you earn "royalties" from NFT transactions (the same NFT can't be "used" by multiple people at the same time) while for IP you earn "royalties" for their usage (many people can "use" IP at the same time).
These seem like pretty fundamental differences. One of them profits off of churn while the other profits off of usage.