Monax Labs launches Aspen to guarantee royalties for Web3 creators
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Monax Labs, a Web3 studio specializing in secure and legal non-fungible token (NFT) infrastructure, has unveiled Aspen, a Web3 membership platform that bridges the gap between creators and their communities.
Among the things it can do is guarantee royalties for Web3 creators — something that has been a problem with Web3 marketplaces such as OpenSea. In short, blockchain tech offers the ability to trace who created what with a digital item. And so creators should get a royalty based on something — or some piece of an item — that they’ve created. Yet OpenSea has decided not to do this.
With a suite of powerful tools for royalties, minting, subscriptions, and utility access, Aspen aims to redefine the creator economy by empowering creators and ensuring fair compensation for their work.
Casey Kuhlman, CEO of Monax Labs, said in a statement, “We are thrilled to introduce Aspen, a decentralized platform that prioritizes creator rights. Our vision is to create a future where creators have the support systems they need to succeed, enabling the web3 market to flourish.”
Aspen did a soft launch six months ago, and the company said Aspen has already proven its effectiveness by helping creators and projects reclaim lost royalties and revenue.
A notable success story is Consortium Key, a collection that provides tools to enhance trading efficiency. Working closely with Aspen, Consortium Key transformed its
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