#Disk Plate Royalties

1 messages · Page 1 of 1 (latest)

zenith kestrel
#

As someone with a limited number of Illuvitars I find myself wanting disk plates of illuvitars that I do not own like Ramphyre, goliant, etc... Since I can't afford to buy them I would like to see an option where I could pay the owner of an an Illuvitar some kind of royalty fee so I could print one of their Illuvitars on my own disk plate. For instance someone with the rarest hollow ramphyre may have an opportunity to sell a lot of that particular disk plate for a royalty fee. I think this would also increase the value of the Illuvitar itself having this extra revenue stream. Owners of highly sought after Illuvitars could have limited disk plate sales of say 10,20, or 50 disk plates of their rarest Illuvitar. Or they could simply just list a flat royalty fee for anyone that wants to have a disk plate of that specific Illuvitar. Anyway, something like this built into the Illuvidex where you could simply click on an option to offer your illuvitars in disk plate form or an option for an interested party to make an offer for a disk plate similar to offers to buy an Illuvitar would be cool I think.

hasty needle
#

I 100% support this, if there is a feasible way to do it... anything that is too time consuming on dev time would not be wise at this point, but maybe there is another workaround of some kind...

Right now the only way to go about it is: 1) send funds to the person 2) send them your address 3) have them purchase the diskplate on your behalf
or They send you the potentially super rare/valuable illuvitar and you purchase it, then send it back to them

If there is a way to implement this, i believe it would boost purchases of Diskplates and allow a way for holders of rare Illuvitars to make commissions/royalties.

Putting a limit to them would be an interesting idea and would prevent the market from being flooded.

verbal osprey
#

What a great idea. People can "list" their illuvitars with a fee for others to use them. This will make people opt in and out of this system. And will give incentive to people to try and bond lucrative and visually pleasing illuvitars. This adds both incentives to the DAO, as this might increase the volume of diskplates sold as well as incentives to disk buyers/illuvitar holders.

warped grove
#

This is a great idea!

unreal lotus
#

I absolutely love any idea that could help community members earn money in a way that isn't shady. My concern is that not many people would actually utilize this feature, making it a waste of dev time. The only scenario in which I could see it working is if an influencer or content creator with a large following had their own D1sk Plate for sale. In that case, it might be more effective to just create a custom skin or Illuvitar specifically for them and provide them with royalties or a share of the sales that way. I could be wrong, as I'm not the biggest fan of NFT profile pictures and I am by no means an expert at all on the subject, but this is how I envision the outcome. I would LOVE to be wrong and might be 🤷‍♂️

zenith kestrel
#

Ya, not sure if it would be worth the devs time but I think it might actually work. For instance people are paying $75 for their own illuvitar diskplate but I could easily see them spending say $99 for a rare holo ramphyre illuvitar diskplate which they'll never personally be able to order without having it in their album. It's a way for people to have a physical collection of the illuvitars in their home even if they don't own the digital version. As an example I was picturing a scenario where there is a button on your illuvitar profile that would allow you to offer your illuvitar in diskplate format for a price of your choosing. Using the example above lets just say a holo ramphyre diskplate is offered for $99. This would essentially be a $24 profit above the standard diskplate price of $75. 95% of the $24 would go to the illuvitar owner while the remaining 2% would go to IMX and 3% would go to ILV token holders. This should increase overall diskplate sales because now you suddenly open up the diskplate sales to ALL potential buyers and ALL potential illuvitars. Illuvitars that have a track record of generating secondary diskplate sales would probably also increase in value. I grant you that this may only be beneficial to a select few whales with the rarest of illuvitars but if it increases diskplate sales overall then in the end it benefits anyone owning the ilv token.

unreal lotus
# zenith kestrel Ya, not sure if it would be worth the devs time but I think it might actually wo...

I understand your point, and I would agree if people purchased D1sk plates solely for the artwork. But I don't think that is the case. I believe people buy D1sk plates to showcase their status or affiliation with a community, similar to how individuals purchase luxury cars to display their status or association with a particular group. I think many would see the act of buying others' Illuvitars in the form of D1sk plates the same way they would perceive a rapper standing in front of a rented Lamborghini. It's kind of lame but maybe I am not seeing the full picture or don't fully comprehend the future sentiment around an idea like this. What do you think of these counterpoints?

zenith kestrel
# unreal lotus I understand your point, and I would agree if people purchased D1sk plates solel...

Totally get your point and you might be right. I guess my counterpoint is people own Van Goh, Monet, and Rembrandt replica's without owning the original. I see this as something similar I guess. I think some people genuinely enjoy the artistic aspect of it and aren't about the flex so much. I didn't order my most powerful disk plates but rather the one's I thought looked the coolest. Also, I think people will get attached to the illuvial version of the illuvitars in game and might like to have it displayed in their homes. Finally, I'm thinking beyond diskplates I guess. I would think eventually they will allow you to print your illuvitar on hats, shirts, 3d models, etc.. in which case it opens up a whole host of opportunities for illuvitar owners. If the IP becomes a global phenomenon then it seems likely people will want representation of their favorite characters. Currently the diskplates are only being sold to the 7500 or so illuvitar owners while something like this opens it up to the entire market. Oh, and I know it's D1sk plates.....I'm just too lazy to type it. lol.

unreal lotus
zenith kestrel
hasty needle
# unreal lotus I absolutely love any idea that could help community members earn money in a way...

Perhaps that could be a work around where the d1skplate gets released in the store as a static/set item with limited stock available.

People love drop days and if done correctly could bring alot of additional illuvitar d1skplate sales.

This would also apply to content creators with unique/custom d1skplates (promotional pieces / partnerships)

I personally made a list of all the illuvitars I would want printed (pure with no accessories) for the artwork alone to have them on my walls! People will have favorites and the price point excludes them from every owning them (unless there will be special edition ones available for order direct from Illuvium one day)

JUNE 8TH: illuvitar + (owner)
"I would print this rhamphyre (doncoupon); this squizz (readyplayerone); this dash (HighriselikesDabonkadonks); this Archi (weediest joint)"

Anyways just some thoughts to consider

Screenshot_20230616_132524_Discord.jpg
zenith kestrel
# hasty needle Perhaps that could be a work around where the d1skplate gets released in the sto...

I like that idea. Not even sure it has to be limited in stock especially if people are just buying for aesthetic reasons. The store could have a complete list of illuvitars available for print on Disk plate similar to the illuvidex when you select the line of illuvitar you want to populate the search results. In this case someone could select "squizz" and choose from the list of squizz illuvitars that are available by those illuvitar owners. Of course none of this has to be done by illuvium. A site like illuvialmaster could build something that allows illuvitar owners to list their illuvitars for sale in disk plate form at a set price. When a sale comes through they just place the order on behalf of the customer and have it shipped to that customer's address and pocket the difference. Either way Illuvium gets the disk plate sale and revenue indirectly. I think someone will do this eventually assuming there is no limit on how many disk plates one can order of their own illuvitar.

hasty needle
storm sleet
#

I really like this idea and I'm considering making a video to get feedback from the community outside of our Discord. While I agree with others that it may not be a priority for the developers right now, I can envision its potential if it were implemented during mass adoption or the next bull run. Although not many people might use this feature currently, I believe it could gain popularity in the future.

I'll create a video to gauge community sentiment. In general, I fully support the proposal, but I would suggest prioritizing its development for three months after the open beta phase. This would ensure that major bugs are addressed, revenue is flowing in, and we have a clearer understanding of the team's expansion plans. With more resources available, we can effectively work on implementing this feature.

rain meteor
#

Best idea I have heard in a while 👍
I fully support this.

red dragon
#

I agree with Alexa. I also spport it.

timber atlas
#

I think a lending/renting system built into the illuvidex would work great for the over all ecosystem. Just like land or and illuvial you could rent illuvitars.
Someone could rent a rhamphyre from someone who has extra. While rented it could be used to buy a D1sk plate or inserted into the renters album.

grave spindle
#

Sharing what Rogier replied in Twitter.

image.png
spice coral
patent ember
#

I'm 100% for this and I think the price should be whatever owner wants it to be.

But I have another question... What if you want to print out Illuvitar that doesn't exist with some accessories. Can you pay the DAO money and print it that way?

spice coral
spice coral
hasty ingot
#

It's an interesting idea, and I'm generally supportive of it. There are some specifications that definitely need to be worked out and clear prior to implementation, and I can absolutely see how some of those could be challenging.

Since the team has confirmed that this idea is on a future to-do list for IB, do you want to wait and see what is being planned, or would your preference be to bring this forward as a proposal @zenith kestrel ? It's very close to the threshold required for moving proposals to voting (25 upvotes).

If it's the former, maybe the <@&1107754494466469919> could shed some light on this or investigate it more.

If it's the latter, the community SC can help prepare a proposal to this end.

spice coral
patent ember
#

I agree with what oskamatt said. I think the next step should be listening to what team wanted and shaping that up further to get the best idea possible and send that to voting. There is no rush.

hasty ingot
#

Proposals don't have to be rushed, but it's ultimately up to the OP where he wants to take this idea.