Idea:  An Automatic Income Splitting system for Co-creation Value Chain

Earlier, Noun557 delegated his Nouns to the LilNouns community and wrote an article on his reasons for doing so.

I have translated the article with his permission and summarised discussion in community on it.

Noun557 published the content as NFT on Zora and allowed the collector to mint it, with 50% of the incomes going to the treasury. It occurred to me that the translated + curated version could also be published as NFT, with the revenue split 3/7 between me and Noun557.

A product could be created from the concept:

After minting the NFT for the original work, any creation in the Lil Nouns community may be recreated (re-recreated or even more times), with a portion of the new creator's revenue going to the original author. A split protocol akin to 0xSplit could be used to automatically distribute all revenue shares.

It would: "promote innovative, secondary, and multiple re-creations by the community and generate a good community co-creation," assuming that each re-creation adds value to the original work.

Each recreation brings in more incomes for LilNouns' treasury.

The tap switch might be provided to the original inventor, who could decide whether to permit a collector to reproduce using his work if re-creation introduces any undesirable elements.

Only one re-creation is depicted in the value and income chain; however, after Lil Ping, additional collectors may produce a second, third and more.

From this example, perhaps we understand why 100 true fans make a great creator, which actually requires other creators to join the co-creation chain.