So Why Is DADA Ditching Royalties?
By Beatriz Helena Ramos
Back in 2017 when we launched the Creeps & Weirdos collection, one of the most exciting aspects was the possibility to guarantee resale royalties for artists in perpetuity. DADA was the first platform to ever code resale royalties on smart contracts: 60% would go to the collector, 30% to the artist, and since we are a collaborative community, 10% would go to DADA’s community fund. These royalties were applied on the profit.
At the time, the Ethereum ecosystem was filled with idealistic ethos like “banking the unbanked”, and our first…
The world is finally catching up.
You may have heard of the NFT craze that is taking the world by storm.
One NFT sold at Christie’s for $70 million, a Cryptopunk sold for $8 million,
and now everybody wants in.
DADA is a pioneer in the field of crypto art and NFTs, having launched the first collection ever of tokenized art made by artists on Ethereum back in 2017, right after the Cryptopunks and before the Cryptokitties. We precede all of the current crypto art platforms.
System Model Session 11
Last week we had a very special guest and a super fun conversation with the irrepressible Austin Griffith, who is responsible for the lovely Nifty Ink platform, which helps onboard people to crypto easily and affordably through xDAI. It reminds us of us in the best possible way. You’re gonna love this:
More fun stuff by Austin:
Crypto Art Session 11
We are so very fortunate to have in Isa Kost a DADA artist who also loves to visualize data. So she conducted an experiment with the help of some DADA artists who shared info with her to turn some of this DADA data into art. DADA data includes intangibles like feelings. Take a look at her process and at the infinite possibilities of making art out of data:
Where we discuss how to build a community that doesn’t depend on traditional business models but that doesn’t depend on donations either because donations in their own way can be damaging as profit models and even gift economies are tricky, as they can get really toxic. So we have to be really mindful and see where are the top 6 dynamics, and why they happen. Watch:
Continuación de la sesión 1.
Después de hablar de blockchain, los participantes quisieron saber más sobre la Economía Invisible en particular, así que Beatriz habló sobre este nuevo sistema económico aplicado a DADA, basado en las motivaciones intrínsecas (las cosas que hacemos porque nos nacen de adentro), a diferencia de las extrínsecas, que son las motivaciones impuestas desde fuera como los premios, salarios, puestos, calificaciones, etc. Dale un vistazo:
Bienvenidos a nuestras pláticas sobre cripto arte en español
Con el fin de involucrar a un grupo más diverso de artistas y entusiastas del cripto arte dentro del proceso de la Economía Invisible, comenzamos un grupo en español. Es importante porque muchos de los miembros de nuestra comunidad hablan español y viven en países con realidades diferentes. Sus ideas y su participación son esenciales.
En esta primera sesión Beatriz dio una corta introducción a la tecnología de blockchain que está detrás del cripto arte y los NFTs.
Juan David: https://hive.blog/
Juan David: https://metagov.org/
Judy: DADA es asi
With a very special guest.
For our weekly System Model working group we had a wonderful conversation about collecting, and how the Invisible Economy will work for artists and collectors. Watch:
Mekyle: I mean if you aren’t popular in high-school and you finally get attention on social media. I’d probably be the same.
Judy: Haha, that is the key: a nerd revolt.
Sebnem: Can you share the link?
Judy: Thanks, Sam.
Mekyle: I’ll remember you, if you’re good enough I’ll build a shrine.
Judy: We’re going to have to build a shrine to Mekyle.
Session 10: Virtual Worlds
Karen Eng: It’s super interesting to get your impressions of the various worlds, thank you. I have similar feelings about Decentraland vs Crytpovoxels.
Yes, it feels commercial which puts me off somewhat.
Marko: Totally same feeling. I don’t even go to DCL if I can avoid :)
Ser Ste: uh I know occupy white walls… nice stuff
Ser Ste: aaawww, so nice!
In which we explore an invisible token, a system run by gifts, and the ineffable Mariachi Effect. Find out more:
Ilan: Love your avatar, Meykle.
Mekyle: Thanks, I think it describes me well.
Mekyle: yea gas is lame.
Judy: That’s right, Sparrow.
Mekyle: They send a red packet. What do you think about a red packet like system?
Judy: What’s a red packet?
Mekyle: It’s what the Chinese use to gift each other on WeChat. It’s given on special occasions and contains money. …