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what is meant by Perpetual Use in free collection nomination i will 0.0.get 2$ for each asset selected
By dog whistles app @Muhammad Auns
Hello,
In the context of free collection nominations, especially for digital assets like photos, illustrations, or videos (as seen in platforms like Adobe Stock), "Perpetual Use" means that if your asset is selected, the platform (and its users) will have the right to use that asset indefinitely, or forever, without any time limit.
Here's a breakdown of what that generally entails, especially compared to a "one-year term" which is often offered as an alternative:
Indefinite Use: Once accepted for perpetual use, the platform can offer your asset for free to its users for an unlimited period. There's no expiry date for their right to distribute and for users to utilize the content.
No Opt-Out (typically): Unlike a one-year term where you might have the option to remove your asset after the term ends, "perpetual use" usually implies that you cannot opt out or withdraw the asset once it's in the free collection.
One-time Payment: For "perpetual use," you typically receive a single, upfront payment for each asset selected. In your case, it's $2 per asset. This is in contrast to a one-year term, where you might receive a smaller payment but potentially have the opportunity to get additional payments if the asset is renewed for subsequent years.
Loss of Future Royalties/Sales: The most significant implication is that by granting perpetual use for free, you forgo any future royalties or sales that asset might have generated in a paid collection. While you get the upfront $2, you lose the potential for ongoing income from that specific asset.
Non-Exclusive (usually): Generally, granting perpetual use to a free collection is non-exclusive. This means you still retain the copyright to your work and are free to license or sell that same asset on other platforms or directly to clients. However, its availability for free on a major platform might impact its sales potential elsewhere.
Why would contributors choose "Perpetual Use" for $2?
Slow-selling Assets: Many contributors opt for perpetual use for assets that aren't selling well in the paid collection. Getting a guaranteed $2 upfront for an asset that might never sell otherwise can be seen as a good deal.
Exposure/Promotion: Having assets in a free collection can increase your visibility and potentially lead users to discover your other, paid assets. It can act as a marketing tool.
Portfolio Diversification: It allows contributors to monetize a portion of their portfolio that might not be performing strongly in traditional sales.
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