Steve
@sdv.eth
https://warpcast.com/wanderloots.eth/0xfb4a2a5d
12 replies
15 recasts
84 reactions
chaim.eth
@chaim.eth
the same thing could be said about how attention flows on instagram. great artwork can get little attention, while slop from big accounts gets a lot. i don’t think a crypto mechanic solves that.
2 replies
0 recast
4 reactions
Steve
@sdv.eth
There was some good cyclical exchanges of currencies back when NFTs really were popping off. Degens supporting artists. Artists supporting artists. Artists supporting degens. It was a complex game of hot potato but a lot of ordinary artists got way more patronage than they could have ever done through traditional means. I probably spent thousands of dollars knowingly buying jpegs I had no intention of reselling, because I liked connecting with the artists as well as the art I was buying. It helped that this was under the guise of "magic internet money" where it didn't feel like a hard expense. Inversely, I cringe at the 3 $20 prints I bought from local art markets I bought years ago because I never ended up connecting with the pieces. I'm glad I supported local artists but now I have a sense of guilt donating these pieces. Crypto is all fake but it's very real in different ways!
2 replies
0 recast
4 reactions
chaim.eth
@chaim.eth
I think a key point to tease out of that is *when* did you spend thousands of dollars in magic internet money on jpegs, and how much have you spent lately?
1 reply
0 recast
1 reaction
Steve
@sdv.eth
My relationship with collecting changed a lot last year in the boom of Zora/Rodeo $0.30 posts, which felt much of the same as before but way way less costly. I admittedly have grown more conservative with my spending as I try to "invest" (gamble) with larger positions, but I occasionally scope out pieces to collect. Here's an auction I started 5 days ago! https://foundation.app/mint/eth/0x898E3ef263A7580A5DB550b0e3fc677D08e56fd0/1
1 reply
0 recast
1 reaction
chaim.eth
@chaim.eth
I think it’s safe to say you represent a very small % of current demand side willing to bid >0.1eth on an nft. While i’d love for a world where low edition and 1/1s could thrive, that sustainability for artists is mostly gone because that market is gone. not because these platforms are changing. they’re responding to the market.
1 reply
0 recast
1 reaction
chaim.eth
@chaim.eth
i think we’re aligned there. I guess my point is that i’m not as quick to jump to a conclusion that framing this as a powerful tool for creators is disingenuous. I think jacob and team are very much looking for the unlock to make content on the internet valuable for its creators. and the way tokens are used and evaluated can change a lot over the next few years. i don’t know that this is the right mechanic but i don’t think it’s for sure the wrong one.
1 reply
0 recast
1 reaction
Steve
@sdv.eth
My frustration is that Zora today feels totally disconnected to Zora 12 months ago. Trendsetter to trend chaser. Pump.fun came out and ate everyone's lunch and dinner. I sympathize that businesses in crypto are hard to keep up with how violently tides change, I really do. But going down the path of yet another coin launcher (with seemingly no differentiation from wow.xyz except it needs an app to download) feels disheartening for collectors and creators alike.
0 reply
0 recast
0 reaction