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jacob
@jacob
Today, we released a major upgrade of the @zora protocol. We are bringing secondary markets onchain with @uniswap to unlock more value for creators and collectors after a mint. When the mint ends, the market begins. It's like magic.
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jacob
@jacob
Our goal is to build the most rewarding place to create and collect on the internet. This means pairing the most efficient minting models with the most simple user experience possible. This requires constant iteration and evolution at the protocol level.
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jacob
@jacob
By pairing Zora's and Uniswap, we are able to introduce a new era of creator royalties called Secondary Rewards. Every time a collector buys and sells on Uniswap, the creator will earn a percentage of that sale via the LP fees. These are onchain and can't be removed.
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jacob
@jacob
This upgrade addresses one of the largest collector painpoints: missing a mint. Instead of seeing an ended mint and not being able to do anything about it. Collectors can easily buy off the secondary market at the best available price.
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jacob
@jacob
There are two updates to the core minting protocol: + A new mint fee of ✧111 (0.000111 ETH) + 3 day default duration 3 days is short enough to capture the essence of the moment, but long enough for everyone around the world to see it.
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Ox.crypto 🌈
@ox-crypto.eth
How about a collab with /moxie like what the rainbow team did. Maybe earn moxie too in every mint or post??
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Uncle HODL
@unclehodl.eth
@betashop.eth ser can we make this happen?!?
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Ox.crypto 🌈
@ox-crypto.eth
@jacob and @betashop.eth need to talk!
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
👋
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Ox.crypto 🌈
@ox-crypto.eth
👀 your call Jacob!!
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