Minters of Tyler Hobbs' upcoming work QQL will receive royalties on the piece they create, according to a tweet from the Fidenza creator Thursday.
Minters of the generative art project which allows users to pick different inputs for their NFT will receive 2 percent royalties on sales of the works.
"We want to recognize the contribution of the minter to QQL as a whole," said Hobbs in a tweet. "(Co-founder) @dandelion_wist and I really view them as a co-creator of that work. To us, secondary royalties are one of the most clear ways to communicate that."
Hobbs added that the address "embedded in the seed is the one that will get royalties regardless of who actually mints the NFT," leading one Twitter user to speculate the royalty rights could be transferred.
The creation process for the new project is currently live and users can experiment with the platform to build their own works.
Author Bio
TD Marquis
A veteran journalist and editor with more than a decade's worth of experience, TD helped a small community newspaper in Vermont win a New England Newspaper Association Right to Know Award in 2014. TD helped compile five years' worth of invoices to uncover a long-established practice of small-town government officials paying themselves six figures to do small jobs around town.
TD discovered NFTs with Top Shot in 2021 and his first NFTs on ETH were saving two Mooncats. He is now the proud owner of Rowhome #61 and 1,300 other NFTs of questionable value.
He also sent 4 ETH to a fake Mekaverse site and wants Lucky Trader readers to avoid the same fate.
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.
