OpenSea Royalties Vote

Voting ended almost 5 years agoSucceeded

Learn more about this vote and join the conversation on the Curio Discord server (https://discord.gg/curiocards). Follow updates with the Curio Twitter (https://twitter.com/MyCurioCards)

Overview

OpenSea has a fee option for its listings, so we need to decide on what purpose a fee would serve if included. A community of people have worked on and helped develop the Curio Cards project, so it makes sense to turn this decision over to a vote. Conversations have been happening on the Curio Discord for several days to give everyone access to share their thoughts, inclusive of all timezones. This proposal seeks to summarize the two most popular positions and present them for the formal vote.

A note of clarification: This vote is only for a fee applied to trades on OpenSea. There is no fee on wrapping/unwrapping cards, holding cards, or trading on the Dex (other than gas). This only affects OpenSea trades. This vote is for the official Curio Cards Wrapper that was developed with the support and input from many hard working people, with extensive review and testing.

Option 1: 1% Fee, 100% Artist Royalty

Definition: A nominal fee on trades that can give value back to the community of artists that helped create Curio with ongoing royalties.
A 1% fee is low enough to not have a significant impact on trades. Many popular projects and wrappers exist with a much higher fee.
A 1% fee is common for projects when donating for community good (ex: Gitcoin Grants).
The deployment of this option will ultimately be automated, with the final version allowing the artists direct access to their share of the revenue without giving control to any single party. There will be no additional logistical overhead to support it once this final version is deployed. To not interfere with the deployment timeline a multisig account will be used initially, which will include any artists interested as signers.
No part of the fee will be given to anyone other than the artists. The Curio team will handle all gas costs, and will take no cut for themselves or any other purpose.
Note on the 1% figure: Supporters of an artist royalty considered a range of numbers (ex. 0.5%, 1%, 1.5%). This proposal uses the most commonly supported figure, 1%. Governance is a flexible process and the exact figure can always be revised if it has significant support and passes through the proposal process. The goal of this vote is to decide between the idea of ‘no artist royalty’ vs. ’artist royalty’.

Option 2: 0% Fee

Definition: There is no fee on OpenSea trades, other than any fees from OpenSea themselves.
It is logistically the simplest option to deploy, and has fewer details to cover surrounding its setup.
Artists were paid for their initial card sales, so there’s no reason to continue paying them for future increases in trading value. The reason for setting up ongoing royalties for artists on OpenSea trades feels insufficient.
A lower fee can benefit card traders, which supports the secondary market. People will possibly want to buy and sell cards more often if there’s no fee. There is already a 2.5% fee charged by OpenSea on every listing which goes entirely to OpenSea for their services.

Voting method information: Check out the Curio Cards Governance process documentation for more information. Votes are based on balances at recent block #12129115. Additional FAQ and discussion around how voting works can also be found in the Curio Discord (https://discord.gg/curiocards ).

Off-Chain Vote

1%, 100% Artist Royalty

2.63K 97%

81.76 3%

Download mobile app to vote

Timeline

Mar 28, 2021Proposal created

Mar 28, 2021Proposal vote started

Mar 31, 2021Proposal vote ended

Oct 26, 2023Proposal updated

Overview

Option 1: 1% Fee, 100% Artist Royalty

Definition: A nominal fee on trades that can give value back to the community of artists that helped create Curio with ongoing royalties.

A 1% fee is low enough to not have a significant impact on trades. Many popular projects and wrappers exist with a much higher fee.

A 1% fee is common for projects when donating for community good (ex: Gitcoin Grants).

The deployment of this option will ultimately be automated, with the final version allowing the artists direct access to their share of the revenue without giving control to any single party. There will be no additional logistical overhead to support it once this final version is deployed. To not interfere with the deployment timeline a multisig account will be used initially, which will include any artists interested as signers.

No part of the fee will be given to anyone other than the artists. The Curio team will handle all gas costs, and will take no cut for themselves or any other purpose.

Note on the 1% figure: Supporters of an artist royalty considered a range of numbers (ex. 0.5%, 1%, 1.5%). This proposal uses the most commonly supported figure, 1%. Governance is a flexible process and the exact figure can always be revised if it has significant support and passes through the proposal process. The goal of this vote is to decide between the idea of ‘no artist royalty’ vs. ’artist royalty’.

Option 2: 0% Fee

Definition: There is no fee on OpenSea trades, other than any fees from OpenSea themselves.

It is logistically the simplest option to deploy, and has fewer details to cover surrounding its setup.

Artists were paid for their initial card sales, so there’s no reason to continue paying them for future increases in trading value. The reason for setting up ongoing royalties for artists on OpenSea trades feels insufficient.

A lower fee can benefit card traders, which supports the secondary market. People will possibly want to buy and sell cards more often if there’s no fee. There is already a 2.5% fee charged by OpenSea on every listing which goes entirely to OpenSea for their services.