KnownOrigin Launches Creator Contract Function on its NFT Platform

02/16/2023 11:35 • AI & Tech Insights • 185 views

It is reported that KnownOrigin, the NFT market of e-commerce giant eBay, tweeted that the new creator contract function will be launched on February 24, allowing creators to share profits and royalties as co-creators. From February 24, all approved creators on KnownOrigin can deploy and cast on their own contracts through their portal. Meanwhile, the NFT project “Draw the Undead 2022” launched by KnownOrigin and DFZ Labs in cooperation with the creator contract has been launched in KnownOrigin today and can be purchased from February 24.

The NFT market KnownOrigin will launch the creator contract on February 24, allowing creators to share profits and royalties

Interpretation of the news:

KnownOrigin, the NFT platform owned by e-commerce giant eBay, recently announced on its official Twitter account that they will be launching the Creator Contract Function on February 24, 2022. This new functionality will allow creators to share profits and royalties as co-creators of the artworks being sold on the platform. In addition, from the said date, all approved creators on KnownOrigin will be able to deploy and cast their own contracts through their portal.

One of the highlights of this new feature is the fact that it opens up a new revenue stream for creators who are seeking to monetize their digital assets, ARTnews reported. “It’s exciting news for artists and collectors alike,” the article said, “because it creates additional revenue streams for creators while offering collectors the opportunity to own an NFT co-created by the artist.”

Furthermore, KnownOrigin collaborates with DFZ Labs, a technology incubator focused on blockchain-based applications, for the launch of the NFT project called “Draw the Undead 2022.” This project, which is already available on the platform, aims to showcase the capabilities of the Creator Contract Functionality. The art pieces that will be part of this project can be purchased starting February 24, and they will showcase the collaborative creativity of KnownOrigin and DFZ Labs in this exciting new feature.

In summary, the Creator Contract Functionality that KnownOrigin is launching will offer artists a new way to monetize their digital art, by sharing profits and royalties when their artwork is sold on the platform. Moreover, this new feature is also expected to enhance the potential for collaborations between artists and their co-creators, leading to new and innovative NFT projects that collectors can take part in. Finally, by partnering with DFZ Labs and launching the “Draw the Undead 2022” project, KnownOrigin is showing its commitment to continuously improving its platform and providing further opportunities for artists to showcase their talents and for collectors to own unique pieces of digital art.

In conclusion, KnownOrigin’s Creator Contract Functionality is a milestone in the evolution of the NFT market, as it offers a new way for artists to monetize their creations while promoting collaboration and innovation. The partnership with DFZ Labs and the launch of “Draw the Undead 2022” highlights the platform’s commitment to creating a dynamic and engaging NFT ecosystem.

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