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@aaronrferguson.eth

Anyone who knows me knows that I've been saying for ages that in my opinion the NFT space has struggled the past few years because we wrongly settled into a (centralized) culture of a few big ego collectors collecting 1/1s - but when the bear hit, they were over-committed and stopped supporting artists (since much "support" was an insincere tactic to build followings for dumping their own crap projects onto). What we truly need for a healthy art scene is a large collector base collecting lots of affordable editions. This eliminates the need for artists to worry about staying on the good side of a few arrogant collectors, as well as allows them the freedom to not converge on artistic styles that they think will appeal to these few people. It also eliminates the risk of art sitting in a dead wallet as a 1/1 for eternity, never to benefit the artist again. 1/2

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@aaronrferguson.eth

The space has done well in moving towards large affordable editions, but the secondary market has always been mostly dead. In a space where editions are affordable, it's even more important for artists to be able to rely on a healthy secondary market. I'm not sure that it's clicked for folks yet, but this secondary market problem was solved by @zora this week. 2/2

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Mina pfp

We still in hard time. Many collectors from first being they had their own teams of artists and only collect their works and I saw many of them even introduced those artists to new collectors and encouraged them to only buy from them cuz they wanted to promote themselves and have chance to sell those art more expensive in future. That's why many good artists left nft.

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Blue Cockatoo pfp

I haven’t had a chance to look at what makes Zora’s secondary market “different” but why do you think that Objkt wasn’t the successful alternative for low cost editions and a secondary market? Or, what is it that will make Zora more successful? Is it simply the chain it’s on (Base vs Tezos)?

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Peter The Roman

Secondary market is very welcome, Zora have been making all the right moves. But I am concerned that the “free mint” fees for artists has been dramatically reduced in the new update. If I understand correctly it’s gone from roughly $2 a mint to 29 cents per mint. Punch to the stomach 🥊

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Angelika Kollin

@angelikakollin

Well, the only way to find out for sure now is to try it! I will list now some of my finished editions on Zora in secondary. I DO wonder at what price though… I am concerned that with all great ‘free’ art available nobody will be interested to pay. Let’s try!!!!

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ilannnnnnnnkatin

@ilannnnnnnnkatin

thank you for sharing your thoughts out loud on this topic . secondary sales inevitably benefit the collector more than the artist . many moons ago there was a study by hex6c that was commissioned by SR to mine data and predict where the profits in the secondary market were heading . while at the time these were going to the artist , the long term trend was that these were inevitably going to go to the collectors / traders . and apparently it was happening faster than predicted . atm secondary is almost frozen . people ar hodling . many markets discarded royalties entirely . i agree that a healthy art scene should have abundance . but i also think that we need a better model over all then just tying artists trying to make a living to sales . a more equitable system would be to distribute 'profits' including royalties to everyone who contributes to these platforms . and the platforms aught to be cooperative . otherwise it's the same model of extraction . winners and losers . all over again .

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Jason🎩 pfp

Well said... my art sales in galleries certainly have the large prints that sell infrequently, but my regular business is the smaller prints that sell consistently. 69 $degen

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Renée Campbell 🎩

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Zach Lipp pfp

I have been collecting editions for 2.5 years, this is spot on, I can't wait til the day where there is more liquidity within the art market, we need a broad set of collectors, seeing a fabulous one of one die in a wallet is so sad

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@tomba-animation

nice words man! 100 $degen ! 🔥 How is the secondary at zora working?

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gydravlik.base.eth

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Free mints is the key like in zora. its say free mints but you still earn Imagine 10k will mint still win

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