this is amazing: This April, TRANSFER and left.gallery collaborated on an online group show called “Pieces of Me,” which consisted of “tokens” representing the practice of over fifty leading digital artists. Collectors could buy these works using a regular contract and either fiat or crypto (NFT optional), with the artists receiving 70 percent of the sale. The certificate for each work stipulated that the artist would additionally receive a 50 percent royalty upon every resale—an amount far exceeding the tenuous 10 percent royalty granted by most NFT platforms. The collectors who chose to “mint” their purchase also had to pay the fees to mint one artist’s proof. But more than simply maximizing individual artists’ incomes, the show upended art-world economies by redistributing 30 percent of every sale to all the artists in the show, as well as to the art workers who made it possible. Implicitly, “Pieces of Me” asked whether it is possible to treat the field of digital art as itself a “distributed network” that redistributes resources instead of concentrating them.
and also, it posed another important question: how can art become a practice of the social, vs. a solitary practice of an individual author, who will be judged by the market and is connected to others only by competition.
@shusha I think transfer is mostly mapping the classic gallery model onto the NFT market: commercial galleries also have to pay their staff, and usually artists that do not sell but the gallery sees (future) value in do get perks, like invitations to dinners, paid talks or publications, etc. Droit de suite is law in the EU (not in CH, UK, US, where art markets are the most "vibrant"), so tansfer mapped that idea, too.
I mean it is good that transfer put forward such a model instead of the hyper-individualist model other NFT "platforms" default to. But I find it difficult to get their vibe from the exhibition itself.
@despens yes, you are right about the transfer of one onto the other system. But since it is often the claim of crypto that NFT are unprecedented, I think it is ok to make that point. And thanks for the info about the droit de suite, I didn't know.
But the thing I like most in Transfer's concept is that they redistribute to the other artists in the show. Which I think is a very nice way to support a community, and to acknowledge that no artist is all alone a genius.
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