Farcaster

What is the point of minting someone's work? (honest question)

Minting seems to be a mix of bookmarking, sending money, and publicly liking something. Yet it's a strange bundle that does a mediocre job at each of these 🤔

Please help me make sense of web3 🙏🏼

Freelance software engineer, developing https://healthlearn.org, altruist, learner

I see it as a reward for a creator. Some time ago we used to buy albums, art, comics... some of the proceeds went to the creator.
Now almost the entire sum reaches the creator of it.
Its a win / win contract. You get a piece of art to display or listen end the creator gets his reward for the work he put in to create it.
With the added ability to verify for authenticity which could not be done before and we needed "experts" to notarise the authenticity.

Code & 
Deploy | 
Testing | 
Testing | EU GMT+1 & 
Out of office at weekends

Well yes and no. Appstore has still high fees and “high standards” to enter. A small maybe not yet understood artist could have problems placing his creation there.
Web3 is permisiinless and is up to “clients” to decide if it is likeable.

I agree but i am regarding nfts as a space in development stage. The tools and logic has yet to come.
Opensea or others will implement some sort of algo that will distinguish plagiators and comunity will play a greater role in judging authenticity imho

Great reply!

Regarding the distributor's cut: I agree it's higher for CDs or comic books... but isn't it comparable for digital goods like eBooks or apps sold on Appstore?

Regarding authenticity... maybe? I feel NFTs put the burden on consumers. They have to become "experts" themselves to not fall for scams. (Ironically, it's trivial to create copies of NFTs... Unless you get them directly from the creator, it can be hard to tell whether you have the genuine thing)