The 6529 model: royalties unpaid, artists silenced.
The 6529 model: royalties unpaid, artists silenced, and a community that only works for the team by mishaderidder.eth13093 🥝 • 7mo • 0 views • 0 clicks | |
AI summary of the linked articleThe Memes by 6529 has paid no royalties from secondary sales to its roughly 400 artists in more than 835 days, according to the article, which says a wallet designated for those royalties holds an estimated $190,000, with around $120,000 reportedly moved to team-controlled wallets. The article argues the primary sale split of 50/50 and the inventory distribution favor the team, which receives 30 museum copies, 100 or more for "research," and extra copies for figures including Punk6529, Jeff Bandman, DCInvestor and BSY, while each artist receives 20 copies. Former insider @PtiteAngele is quoted calling the project "rigged," and Brandon Walsh, @NFTWannabe, is cited publishing wallet addresses and transaction history. The 6529 side's response, as the article reports it, is that OpenSea does not enforce royalties and the team distributes manually. | |
6529 sells itself as a decentralized movement, as genuine community, as an alternative to the structures everyone criticizes. The language is grand. The promises are larger. The practice is a club where access and benefit depend on how close you are to the center and how long you have stayed quiet about what the center does. Decentralization as aesthetic. Centralization as practice. | |
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