Understanding the decentralized art licensing platform
Indelbl is a decentralized art licensing platform that enables artists to create, negotiate, and execute digital art license agreements using blockchain technology. The platform facilitates secure, transparent transactions between artists and clients while ensuring fair compensation for all parties.
Artist fills out questionnaire with artwork details, license terms, and pricing in USD
Platform automatically converts USD pricing to POL (Polygon Ecosystem Token) using real-time exchange rates
Client receives email notification, reviews license terms, connects wallet, and pays license fee in POL
Payment is held in a secure smart contract until license terms are mutually agreed upon
Once terms are accepted, smart contract automatically executes the license and distributes payments
The full license fee is paid by the client in POL cryptocurrency. This amount is set by the artist in USD and automatically converted to POL using real-time exchange rates from CoinGecko API.
Indelbl collects a 2.5% platform fee on every successful license execution. This fee is automatically deducted from the license payment and sent to the platform wallet before the artist receives their payment.
The artist receives 97.5% of the license fee directly to their wallet address. This payment is automatically processed by the smart contract upon license execution.
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