NFT artists, please be aware;
Important to note from their Terms of Use;
1. Exclusive digital rights granted to the platform
2. Three-year lock-in
3. Platform can sublicense the art
4. Artist revenue unsecured if company fails
5. Payments can be withheld
6. Limited liability for the platform
7. Centralized control over resale and distribution
On Sedition the platform typically controls:
•number of editions
•pricing
•release structure
•resale activation
This is very different from blockchain minting.
Collectors cannot freely trade the works. Resales typically happen only inside the platform marketplace, and sometimes only after an edition sells out.
Implications:
•collectors cannot move assets to other markets
•liquidity is controlled by the platform
•price discovery is limited.
This reduces one of the core benefits of NFTs: open secondary markets.
NFT systems are typically artist-controlled and protocol-based, while Sedition is platform-controlled and contract-based.
Artist Open Call 🚨
We are looking for new artists to launch on Sedition.
Reach 130,000 collectors and gain potential distribution across global display networks, with the chance to become a curated Sedition artist.
Know an artist we should discover? Tag them below.