We often catch celebrities being frustrated by the paparazzi. From invading a celebrity’s privacy to clicking their photos without consent, the paparazzi has always been annoying. Paparazzi cause serious concerns when they don’t even leave the kids alone and scare them every time they step out with their parents.
But recently with all of the gaga about NFTs and everyone endorsing them, a celebrity came up with a unique idea. Kanye West has shared his views on how he thinks this NFT trend can help him deal with Paparazzi.
Earlier this week, the pop star expressed his frustration and anger on how he hates the paparazzi. The Rapper was angry about being filmed at Miami International Airport on Monday without his consent.
He quoted “It’s just one-sided. You guys can follow us, you guys to stand from the hotel at any given time. You don’t give us any percentage of what you make off us, off our kids. And I’m going to change that.”
Celebrities have time to time supported how NFTs are shaping the future and this time Kanye West presented a whole new concept for the celebrities and the NFT world.
Kanye West Motive
After the singer expressed his concerns about utilizing NFTs. It is now safe to say that West seeks NFT help because of its attractive royalty feature and not solely for the invasion of his privacy. The motive became more clear after the cameraman argued with West about how important candid pics help with making documentaries.
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Kanye West’s statement supports his claim to seek royalties for his pictures and to use NFT platforms for such purposes.
The rapper further added to his statement, “You know, NFT [non-fungible tokens] people get paid in perpetuity on the product that they put out. So my image is a part of something that I should get paid for. We all got to make money together”.
Why Kanye Want NFT Help?
Multiple NFT platforms allow creators to have royalties. Platforms like OpenSea allow having almost 10% of royalties. This percentage is set every time an item gets sold on the platform. But the recent statement by Kanye West is still a question to many.
Will the NFT platforms allow such a structure for celebrity photos? On top of this platforms usually do not cross-enforce each other’s royalty criteria.
This makes things fall into a problematic state as if more than platforms will be involved, it will be extremely complex to get to the same page.
Problems with this Idea
There is one visible problem in this idea that Kanye presented. It will create a huge gap in the viewership of other platforms and will engage a lot of people on NFT ones. This will lead to inequality on the internet and can create a lot of copyright issues.
However, with the pace NFTs are trending there are possibilities that it can be resolved without being a huddle in a lot of upcoming projects.
Until now it seems a lot fascinating to think celebrities getting royalties for their exclusive r candid pics. But a question arises what will happen to other platforms like Instagram or Snapchat, after the celebrity royalty structure?.
if celebrities started claiming pics on NFT platforms, the other social media giants might lose a lot. There are so many endless possibilities in the world of NFTs.
Over time more and more people are coming up with their versions of NFT profitability. It is important to note, where this trend is heading in the next 5 years. Where will it be stepping and where will it revolutionize further?
These questions will be answered with time until then the NFT community can keep on becoming the most engaging with the more and more NFT craze.
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