RE: The amount of onllne media chatter is simply astonishing....23 Oct 2022 23:15
You could be right Guz. My own interpretation was that we paid a license fee of "X", we then shared the primary sales revenue of "Y" and then we keep all of the secondary sales revenue of "Z".
Again, my speculation on my previous comment is just some scribbled calculations and I'm very aware it could be completely different.
Scottyboy, I am too but I doubt we'll find out the actual split ever
It may be possible to narrow it down to certain parameters bu unless we know the specific costs per drop or the costs saved from scalability, I don't think we'll ever get an exact figure (just like any other industry really).
I'd like to think, given we're paying a license fee to the clubs/national team that we're getting the lions share of the primary drop revenues. I highly doubt its above 80% as Guz suggests simply for the fact that if it wasn't attractive to the clubs or the national team, they'd simply take the license fee and tell us to F off and do the rest ourselves. Logically, the only way to keep them motivated and engaged is to have them take a chunk of any primary sales revs generated. Less important for them to take revs from secondary sales because its the NFTs themselves and their rarity and the hype and the collectability of them that will drive their churn.
All IMO and wouldn't be surprised if it's wildly different to the above given how new an industry it is and how much speculation we're having to do.