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Home»News»Cryptocurrency»Kanye West wants royalties from paparazzi photos, with the help of NFT

Kanye West wants royalties from paparazzi photos, with the help of NFT

MatthewBy MatthewJanuary 26, 2022No Comments2 Mins Read
Kanye West wants royalties from paparazzi photos, with the help of NFT
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Kanye West expressed his frustration with the paparazzi after being filmed arriving at Miami International Airport on Monday, as seen in a video released by ET Canada. Kanye can be heard telling the cameraman:

“It’s really one-sided. You can follow us, you can watch from the hotel at any time. They don’t give us any percentage of what they earn from us, from our children. And I’m going to change that.”

kanye in miami | Source: ET Canada

The cameraman argued that “without a candid photograph, there would be no story [documentada] of celebrities.” However, it was clear that Kanye’s main interest involved royalty rights to the paparazzi photos, rather than issues with the perceived invasion of privacy.. “You know, to NFT people [tokens no fungibles] they are paid in perpetuity for the product they produce. So my image is part of something I should be paid for. We all have to make money together,” Kanye said.

NFT platforms, like OpenSea.io in particular, allow creators to set royalties of up to 10%, receiving profit every time the artwork is sold through the platform. However, the viability of joint profit sharing of celebrity photos remains in question. For starters, the major NFT platforms typically don’t apply each other’s royalty structures, meaning that creators wouldn’t receive any funding if, for argument’s sake, their OpenSea NFT was sold somewhere else. Also, the issue of copyright of the original work can only be resolved through off-chain negotiations.

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