phil pfp
phil
@phil
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.
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Alex Mack 🏔️ pfp
Alex Mack 🏔️
@alexmack
The biggest issue with the model is it's tone deaf to artists. I support experimentation, FAFO and innovation on all fronts here. But, tokenizing a piece of art (maybe not content, some other interesting discussions there) into a coin with 1B supply does nothing to "support" the artist. Rather, it turns their work into a vehicle for quick trading and flipping... theoretically. And I say "theoretically" because trading can only occur with volume... apart from maybe a few runners from well-known artists, there is little to no liquidity in this uber-niched "coined art" market. I'd be interested to see how the builders expect for that to change. Furthermore, shifting the focus to trading art as a coin literally drains the soul of the art itself. I'd bet very few people are actually taking time with the art. Considering how it connects with them. Seeing if they "feel something" apart from the dopamine rush of the click / trade... I'm not saying people shouldn't use it. I'm just saying it's now for me.
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Alex Mack 🏔️ pfp
Alex Mack 🏔️
@alexmack
**not** for me.
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Callum Wanderloots ✨ pfp
Callum Wanderloots ✨
@wanderloots.eth
Yeah I hear you! A few thoughts I'm curious to hear your perspective on: Right now, all content = $0, 0 liquidity. This includes every time you share one of your photos. What if you could coinify this content (watermarked, low-res, etc, distinguished from the fine-art) and then, instead of just sharing the picture, you share the link to zora. Now every time you reshare that photo, you have the opportunity for someone to buy a coin as a thanks for giving them beauty on their feed? With this model, you earn every transaction (1% fee) while getting 10 M tokens (1% of supply), so that if the liquidity becomes big enough, you can sell your 1 M supply and earn more than a few cents. You can then share this art forever, and if it happens to go viral on fc or elsewhere, maybe you earn a few $100 for that content. Also, 99% of memecoins go to zero, so the status quo is currently no liquidity, no value. If even 1% of your content earns liquidity, isn't it better than current social posting (as distinct from art)?
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4 reactions