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ilan_katin
@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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aferg
@aferg.eth
Everything you said is unfortunately very true! Happily though, secondary royalties are baked-in on-chain as part of Zoras secondary market implementation, so Iām hopeful this can help to make a positive impact for us.
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ilan_katin
@ilannnnnnnnkatin
thank you for your response ! have been thinking this for a while as well . in a way rodeo goes straight for benefitting and incentivising collecting and kind of curating . imagine for example some work that one has collected of which there were very few mints . and at some point there's a high demand for it for whatever reason ? but that's still the 'art star' effect . now imagine if we take money out of the picture . say we all end up with some kind of basic income ? the art is no longer attached to monetary value . the only thing that it holds is its cultural value or popularity . this would change the dynamic completely . it's an interesting thought experiment .
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