Kanye West wants royalties from Paparazzi photos, with the help of NFTs

Share This Post

“You don’t give us any percentage of what you make off us, off our kids. And I’m going to change that,” the artist told one paparazzi photographer.

Kanye West expressed his frustration at the paparazzi after being filmed arriving at Miami International Airport on Monday, as seen in a video posted by ET Canada. Kanye can be heard saying to the cameraman:

“It’s just really one-sided. You guys can follow us, you guys to stand from the hotel at any given time. You don’t give us any percentage of what you make off us, off our kids. And I’m going to change that.”

Kanye in Miami | Source: ET Canada

The cameraman argued that, “without candid photography, there wouldn’t be a [documented] history of celebrities.” However, it was clear that Kanye’s main interest involved the right to royalties from paparazzi photos, rather than issues with the perceived invasion of privacy. “You know, NFT [non-fungible tokens] people get paid in perpetuity on the product that they put out. So my image is a part of something that I should get paid for. We all got to make money together,” said Kanye.

NFT platforms, such as OpenSea.io, allow creators to set royalties of up to 10%, receiving proceeds every time the work of art is sold via the platform. However, the feasibility of co-profit sharing on celebrity photos remains in question. For starters, major NFT platforms typically do not cross-enforce one another’s royalty structures, meaning that creators would not receive any funds if, for the sake of argument, their OpenSea NFT was sold on a different venue. In addition, the issue of copyright to the original work can only be resolved through off-chain negotiations.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin ETFs see $380 net inflow in 2 days with BlackRock leading the charge

Bitcoin exchange-traded funds (ETFs) showed mixed activity over the past two days, following a net outflow of $791 million on Oct 22 that ended a seven-day inflow streak totaling over $24 billion

Did Hackers Compromise US Government Crypto? $20M in Suspicious Activity

In a new update from Arkham Intelligence, it seems that crypto wallets linked to the US government may have been compromised, losing around $20 million According to Arkham, the bulk of the funds,

XRP News: Gold Advocate Backs Ripple, Says it Will Skyrocket After ‘SEC Nonsense’ is Cleared

The post XRP News: Gold Advocate Backs Ripple, Says it Will Skyrocket After ‘SEC Nonsense’ is Cleared appeared first on Coinpedia Fintech News Andy Schectman, President and Owner of Miles

Why Ethereum is Down Today? Is Institutional Demand Shifting to Bitcoin?

The post Why Ethereum is Down Today Is Institutional Demand Shifting to Bitcoin appeared first on Coinpedia Fintech News After an unsuccessful attempt to break through the resistance level of around

Tron Blockchain Analysis : How Meme Coins are Driving Its Dominance

The post Tron Blockchain Analysis : How Meme Coins are Driving Its Dominance appeared first on Coinpedia Fintech News With an 840% dominance, Tron is the second-largest blockchain after Ethereum,

Crypto Gurus Are Backing A Memecoin Supercycle But 1 Utility Token Might Outperform The Likes Of Dogwifhat & BONK

The post Crypto Gurus Are Backing A Memecoin Supercycle But 1 Utility Token Might Outperform The Likes Of Dogwifhat & BONK appeared first on Coinpedia Fintech News Dogwifhat and Bonk are seeing