eddie-soehnel-portable-iden.../data/insights-hub/hrecords/2152.json

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{
"HubID": "2152",
"Date": "2/10/2023",
"HubTags": [
"External Platform Posts"
],
"Contacts": "",
"Companies": "",
"File": "",
"Image": "",
"Summary": "Is a #royalty or #commission standard emerging for #retailers in #web3 ?",
"Notes": "<p>Is a #royalty or #commission standard emerging for #retailers in #web3 ?</p><p>Phygital Galeries Lafayette Champs-Élysées exhibition offers digital and made-to-order fashion #nfts .</p><p>People could buy some of the digital pieces as physical, which would come with a #qr code to show provenance and history, and are made to order. This is another example of identifying products uniquely, but this using a QR code.</p><p>But what is interesting is that in this web3 implementation. we see a royalty split to the marketplace or retailer. Common is for 10% to go to the creator. In this case, 10% of the profits are also going to the marketplace, or retailer, with 80% to the holder.</p><p>Maybe 10% is emerging as the royalty to retailers in web3.</p>"
}