Artist’s rights
Effective Date: 08.17.2023
Web3 Auction artist’s rights are extended and empowered by blockchain technology and decentralized systems:
Royalty. Artwork Delivered on Behalf of the Artist: When the artwork is delivered to the auction on behalf of the artist, smart contracts are employed to ensure that royalties are processed and paid out automatically.
Royalty. Artwork Sourced from a Collector's Collection in the Secondary Market: In cases where the artwork comes to the auction from a collector's collection in the secondary market, we take care of artist royalty curation. If needed, we engage the royalty registry application to facilitate this process.
Immutable Provenance: Blockchain technology provides an immutable and transparent record of an artwork's ownership and provenance. This safeguards the artist's reputation by preventing fraudulent claims and ensures proper attribution.
Copyright. The artist maintains copyright as the creator, even if the artwork is sold to a collector. Credit will consistently be given and appropriately attributed whenever it is exhibited or shared.
𝘼𝘾𝘾𝘼© Computer Art Auction House
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