NFT FAQ: How Artist Must Set Their Commission

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By Nath Cajuday

Laladraws’ Advice for Artists Setting Their Commission: Know Your Worth and Don’t Sell Yourself Short.

“Like sa traditional gigs din, don’t sell yourself short. Personally, I’ll go for percentages rather than fixed amount. And it’s also important that you know your worth and the value you’re bringing into the project.”

(Like just in traditional gigs, do not sell yourself short. Personally, I would go for percentages rather than fixed amounts. And it is also important that you know your worth and the value you are bringing into the project.)

This is the statement of Laladraws, Lead Artist and Co-Founder of Planktoons when asked about her advice for artists in setting the price of their commission or art works during the BitPinas Webcast 11 – (Laladraws) Planktoons NFT and Bored Punks of Society last February 24, 2022.

Clarifying that in her case, she was more into partnership negotiations than contracts, Laladraws emphasized that it is important to know the proper pricing of an artwork.

“I don’t have exact ano eh, kasi medyo malawak po siya, case-to-case (basis) po siya. Pero ayun po, know your worth lang po talaga and don’t sell yourself short, kasi ano eh, ang daming nae-exploit eh, nakakalungkot,” Laladraws concluded.

(I do not have an exact term, for the topic is too broad, and it is a case-to-case basis. But, you really have to know your worth and not sell yourself short, because, sad to say, there are artists who are exploited.)

On the same webcast, Laladraws insisted that NFTs can only hurt small-time artists only if they will allow themselves to be exploited.

She also stressed that knowing your worth as an artist and knowing the value of your art will help an artist be able to avoid exploitation.

About three weeks ago, AJ Dimarucot of First Mint Fund, during the BitPinas Webcast 09, highlighted that NFTs do not hurt small-time artists, but actually help them. Read more about his statement here. 

BitPinas Webcast 11 – (Laladraws) Planktoons NFT and Bored Punks of Society , hosted by BitPinas’ Senior Editor Michael Mislos, and co-hosted by Chin Gandia, Associate Consultant of Emfarsis, together with Laladraw of Planktoons and Melon Babe and Jackygelo of BoredPunks of Society.

The BitPinas Webcast is a #CryptoPH Weekly Show. Click here to visit BitPinas Webcast Clips.

Watch BitPinas Webcasts every Thursday, at 5:00 pm, PH time.

This article is published on BitPinas: NFT FAQ: How Artist Must Set Their Commission

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[…] This article is published on BitPinas: NFT FAQ: How Artist Must Set Their Commission […]

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[…] The crypto-friendly Union Bank of the Philippines (UnionBank) announced its partnership with the nonprofit organization, Center for Art, New Ventures and Sustainable Development (Canvas.ph) through a virtual signing event last February 17th. The collaboration aims to help artists and collectors navigate the growing non-fungible token (NFT) space. […]

[…] The crypto-friendly Union Bank of the Philippines (UnionBank) announced its partnership with the nonprofit organization, Center for Art, New Ventures and Sustainable Development (Canvas.ph) through a virtual signing event last February 17th. The collaboration aims to help artists and collectors navigate the growing non-fungible token (NFT) space. […]

[…] The crypto-friendly Union Financial institution of the Philippines (UnionBank) introduced its partnership with the nonprofit group, Middle for Artwork, New Ventures and Sustainable Growth (Canvas.ph) by way of a digital signing occasion final February 17th. The collaboration goals to assist artists and collectors navigate the rising non-fungible token (NFT) space. […]

[…] The crypto-friendly Union Bank of the Philippines (UnionBank) announced its partnership with the nonprofit organization, Center for Art, New Ventures and Sustainable Development (Canvas.ph) through a virtual signing event last February 17th. The collaboration aims to help artists and collectors navigate the growing non-fungible token (NFT) space. […]

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