Morphic Studio – The First Decentralized Art Organization?

Found a cool project in the works. Here's their description:

It’s a white canvas for anyone to draw on, with participants driven & incentivised to collaborate by the tokenomics of The Canvas. I see at as a version of Reddit place with a crypto-native design. In their own words, it's:

The purpose of The Canvas is to show that with the right incentives, communities are able to create high-quality art which others will be able to build on top of. Their long-term aim is to build solutions that

• Enable large communities to trustlessly collaborate and share earnings on collaborative artwork
• Earns artists a stable income, not having to live from project-to-project
• Develop heuristics to determine the minimum value of an artwork

Some of the general use cases they are exploring:

• Working together on an art piece, without having to know or trust your collaborators to sell the work and share the profits
• Evidence “cost of creation” for NFTs. There’s a lot of discussion around the “true value” of NFTs today, and whilst this will probably always remain a point of discussion (similar with bitcoin), blockchains should help to establish a proof of work to arrive at a minimum price.
• Seed investing in artists. Supporting artists even before the artworks are released, providing a more stable income to typically unstable profession

More info on the canvas: https://www.morphic.studio/post/introducing-the-canvas

Website: https://morphic.studio/

Medium: https://morphic-studio.medium.com/

Telegram: https://t.me/morphicstudio

Discord: https://discord.gg/M9feHMe5