Patronage As An Asset Class — simondlr.com

Every one of us is a beneficiary of the public goods of societies past. These grand projects humble us. Cathedrals, great canals, sanitation, the expansion of mass literacy—they tell us that the "goodness" of a public good is also measured in terms of its longevity. To match these great works, we must extend our time horizon. We want to e

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I’m dubious that much else of Web 2 will survive the hop to Web 3, either from the tech or consumer point of view. The one thing I’m absolutely convinced will have to exist for Web 3 to succeed is effective and natively on-chain attribution that gives NFTs and other virtual goods their due (and gets their owners paid).

First the Bundeskunsthalle would send fees to the artist subdomain. The owner of that account would then use those funds to purchase travel, accommodation, raw materials, all that is required for the event, and send the remainder to each artist’s address. With this system, the entire value chain is transparent for everyone to audit.