{
  "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>"
}