Pixel Artist Revshare
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BasePaint is an example of a cooperative mechanism as it allows decentralized collaboration through a pixel art revenue-sharing system, where participants collectively create and share in the economic value generated. BasePaint offers a decentralized, shared pixel canvas that enables artists to create and mint digital artwork as NFTs collaboratively.
Pixel artist revenue sharing has emerged as a solution to make digital artwork creation and distribution more community-driven. By allowing a collective of artists to contribute to shared canvases and mint their work as NFTs, BasePaint provides a decentralized and open platform for digital creativity.
This mechanism is well-suited for digital artists, NFT enthusiasts, and communities interested in decentralized art creation, curation, and ownership. This methodology is for revenue sharing and artist collaboration.
BasePaint operates through daily open-edition NFT sales, with the profits distributed among contributors based on the number of pixels they paint. Collectors buy the art NFT, and artists receive 90% of the profits, while 10% goes to the protocol.
Artists mint a brush to contribute to a shared canvas. The community creates artwork collaboratively over 24 hours. When time is up, the canvas locks. Open edition NFTs of the completed artwork are then minted. Profits from the open-edition sale are distributed among the contributing artists based on the number of pixels painted relative to the total number of pixels contributed.
BasePaint allows multiple artists to contribute to a single digital canvas, resulting in a collaborative artwork that is then minted as an NFT. This collective approach to digital art creation is distinctive in the NFT space.
The platform uses smart contracts to distribute 90% of the profits from NFT sales directly to the contributing artists based on their pixel contributions. This transparent and fair revenue-sharing model is built directly into the blockchain mechanism.
BasePaint employs Quadratic Voting to allow the community to select daily themes and color palettes. This democratic approach to decision-making ensures that the community determines creative direction in a way that prevents domination by a few large stakeholders.
Anyone can recreate any BasePaint canvas from the onchain data and use the artwork in whatever way they see fit. Multiple derivative art projects have been made, passing revenue back to the original artists.