I find the backlash to the new Zora model quite fascinating.

When NFT’s first became popular, many people advanced the same criticisms. They weren’t real art, they overly financialized something that shouldn’t have a price on it, etc

Now, four years later we have learned a lot. It’s time for new experiments.

But it’s weird to see NFTs being held up as some bastion of artistic purity.

🧭Recalibrating 🌍Worldbuilding

We need a best of both worlds strategy to bridge art & content:

Content should not be considered art. Content is what is used to promote art (or other value encapsulant, eg YouTube videos).

Monetizing content via coins or low cost mint meta is great! It leads to sustainable creation, larger audiences, & the micro transaction layer that has been missing from the internet.

But this should not be conflated with low supply, higher cost “art”. Mixing the two makes collectors value art less & artists feel like they’re not appreciated.

The key issue here is that we’re not aligned between creators, collectors, & consumers.

Collectors want collectibles with long term value potential. This aligns with artists, but is a small pool.

Consumers want coins they can speculate with. This aligns with artists wanting to make a living from a larger pool, but can leave Artists feeling undervalued.

Content =/= art

More thoughts here:

https://paragraph.xyz/@wanderloots.eth/post-tokens?referrer=wanderloots.eth

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:

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

Photographer | Artist | PhD🫀🤘 
/mountains /feelsgoodman /alexmack 
👉 https://linktr.ee/alexmackenzie

hah I suppose 1b>0 is true but like... that's like saying 1 cent is better than no money 😅 

and then all those cents just get lost and forgotten in people's wallets... and what's left, is that still art? I agree, tired of the convo. 

I do think the content question is intriguing and interesting. But do you think having it minted as a token makes sense? Say you do one of your great Youtube posts, and it does well... why would people want a share of that post in their wallet? Maybe thinking it goes viral at some point? What does that mean to the person collecting/trading it? I'm just lost in the process of understanding the connection here. And I'm just talking out loud here not asking you for the answers specifically <3

thank you! 

Though to @phil's point, 1 billion is still better than infinite, which is the current social media model. So there is an introduction of scarcity by zora, I just think that the conversations are being had about art, when they should be had about content

as artists, we're tired of having this conversation lol. But as a "content creator" (YouTube, newsletters, writing posts, sharing copies of my "Art") I think this model does have the potential to change the concept of the "post", even if it doesn't touch on "Art"