aferg
@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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aferg
@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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Articulate.eth 🎩
@articulate
I don't really get it They wrap NFTs in an ERC-20 wrapper and there's a liquidity pool Ok How is this different to ERC-1155s and bids? Won't it end up that most editions just don't have liquidity (bids) and a few do Which is the same situation as currently?? I know I'm missing something but I'm too ignorant of the tech to see how this ends
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aferg
@aaronrferguson.eth
No they'll always have liquidity :)
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Articulate.eth 🎩
@articulate
Interesting!! So it’s one massive pool?
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aferg
@aaronrferguson.eth
One pool created for each token
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aferg
@aaronrferguson.eth
I’ll try to mint my first art to use the new feature today if you’re interested in trying it out first hand ;-)
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Articulate.eth 🎩
@articulate
I’m interested Looking forward to it!
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