The NFT project closes the largest on-chain revenue split NFT Culture | NFT and Crypto Art Interviews and more

Revenue sharing on Web3 has reached a new level.

Blockchain technology itself promotes creative collaboration in music and beyond by allowing creators new and innovative ways to monetize their content — and now revenue sharing between collaborators and rewards for NFT holders has officially reached a breakthrough level.

In June, multidisciplinary NFT artist Dave Curry (aka Black Dave) presented a token-curated intimate performance for his collectors at wavWRLD’s ‘wavROOM Featuring Black Dave’ event during NFT NYC. Performance was built on the blockchain, making it the easiest on-chain revenue split ever.

The NFT musician chose to reward his collectors with a portion of the revenue generated by the project, including 154 of his collectors, as well as his collaborators and the artist himself—a total of 159 unique wallet splits—which were done by Reveal (r3vl.xyz), an on-chain revenue management platform that automates revenue distribution.

“One of the most exciting things about using NFTs as a creative is that I’m able to create unique scenarios for my fans and supporters,” shares Black Dave. “For example, I can allow them to earn when I do, as soon and as often as I want. Sharing the revenue in the chain with fans allows them to be more deeply connected and interested in my success as an artist. Because when I win, they win too. “

Black Dave This division of Reveal (r3vl.xyz) revenue sharing protocol, dividing 30% of the project’s revenue among 154 collectors (holding 186 tokens) and 70% going to the artist and his contributors: a total of 159 different parties.

Revenue Path is a Reveal Smart Contract that includes all allocations and allows 159 recipients to each withdraw their share of revenue whenever they wish, independently of each other, and with no time or volume limitations. This ensures that the distribution of funds is not held up by an intermediary and the builders are the sole owners.

Adrienne Stern, CEO and founder of Reveal (r3vl.xyz), a former international music artist who founded Reveel to empower creators to manage their business through an easy way to share on-chain revenue by providing a financial stack for Web3 collaboration. “Not only is this the largest on-chain revenue split implemented to date, we also think it will pave the way for how creators choose to interact with their communities,” shares Stern. Redistributing a portion of earnings to selected holders as rewards, incentivizing fans on the success of a project, or sending a portion of earnings to community coffers are just some of the possibilities that Reveal enables creators to do with their revenue sharing technology.

“When ownership is pushed to the edge of the network, to its users, collaboration becomes shared property,” explains the founder. “And shared interest becomes shared equity.” This breakthrough on-chain revenue sharing will pave the way for how creators choose to interact with their community, whether it’s redistributing a portion of revenue among selected holders, incentivizing the success of a project, or funneling a portion of revenue into the community coffers.

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