Building /bright-moments - minting onchain art IRL | /purple #15 | FID 129 #magikarp | getting paid to post with @ampsfun

I think there's a clear distinction actually! With NFTs, we were introducing scarcity to an otherwise infinite asset (online content). We've now gone full circle to effectively infinite supply again (1 billion coins). 

The issue is that with NFTs, even if you made one sale every 3 months, it was still vastly more money than creators/artists earned from social media, historically. It maintained the self-considered "value" of art, in part due to this new concept of "online scarcity"

What we're seeing now is a platform that historically touted itself as "for artists" abandoning their artistic structure in favour of "content". This switch has caused many artists to lose faith in Zora, regardless of whether the new cointent will be a better system moving forward. 

Shared more thoughts here:

https://warpcast.com/wanderloots.eth/0xead4e233

/cal 

Photographer, Artist, Web3 Educator, IP Lawyer, Patent Agent, Explorer 📸⛰️✨ 

 Building /flowcast with /mindfulness 🌊

https://wanderloots.com/links