Cameron Armstrong on Warpcast

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fredwilson pfp

@fredwilson.eth

Hi Casters. I promised a follow up to yesterday's post on AI being the native business model for content. Here is that follow up post https://avc.xyz/minting-is-the-native-business-model-for-web3-and-maybe-ai-too

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Cameron Armstrong pfp

Cameron Armstrong

I appreciate this might be in the next post, but are there any examples in the wild of a median user revealed preference to own their “own” interest graph data (or even do micropayments)?

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Cameron Armstrong

I'd like that to be true, but we don't really "own" our data here in a robust way (can pay for temp storage, but actions expire and follows aren't in the protocol) We don't do micropayments at any kind of scale Also there are only 2500 DAUs

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Jess Sloss !!! pfp

something something "we're so early" But ya, I actually think the missing piece is what value results from our contributions to these models. So less about "owning our model" and more about owning the value that model can create.

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Jess Sloss !!! pfp

Also, don't we engage in "micro-payments" every time we interact with a blockchain?

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Cameron Armstrong

If you're talking about gas fees I don't consider those micropayments. Not in the way @fredwilson.eth is describing at least. Those are closer to Stripe payment processing fees than actual value transferring to Creators.

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Jess Sloss !!! pfp

Do you see something like Zora protocol fees as micropayments then?

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Cameron Armstrong

I think Zora's protocol fees are a forcing function to MAKE users pay micropayments to Creators and imo was the most important business decision they made last cycle. But it's almost the exception that proves the rule - Blur, Sudo, and OS killing royalties all imply the median user today doesn't want to pay Creators

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Cameron Armstrong

@jacob probably has different thoughts so I'm tagging him so I'm not just sub-casting his company 🫡

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@gabrielayuso.eth

Those marketplaces are bad examples. They mostly focus on traders that want to make money so they of course don't want to pay fees. I've been in NFT communities where people actively send the royalty directly to the creator's wallet as a separate transaction since they care about supporting them.

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