Hacker News new | ask | show | jobs
by daqhris 1198 days ago
Find me an example in the art market where a creator receives royalties without the involvement of more than one business partner. Be it a curator or dealer or PR agency or trademark office or other legal entities. With a smart contract, royalties are sent back to the creator, straight to a software wallet.

That removes friction on the ladder of steps required to climb for a seller to reach a buyer. Efficiency is beloved by the real economy. Especially the media and entertainment sector.

I'm not the one who decides on market moves. I'm just using open sourced tech tools to generate income. Someone else in Hollywood or Paris might use the same tools in an attempt to cut costs and reach global audiences/wallets.

Let's see what the business community comes up with. The beauty of it is that the underlying technology is openly accessible and freely usable. No patent, no registration fees, no distribution rights, 24/7 reliable on-chain transaction settlement... For real life businesses in this digital age, those are pain-points that could be addressed by something like an Ethereum Layer-2 blockchain.

I'm talking from the viewpoint of an entrepreneur that could be running a company in the real world. By business opportunity, I understood what are the key improvements from crypto that could help start/grow a business.

One last thing, Shopify.com is about to enable sellers on its platform to use crypto tools, concerning the Direct-To-Consumers type of businesses. Isn't that enough illustrations to show that there might hint of a business opportunity in the crypto economy?