Steve
@sdv.eth
https://warpcast.com/wanderloots.eth/0xfb4a2a5d
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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.
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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!
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cody
@codyb.eth
Power law is real and never going away. The challenge with this structure (imo) is that it’s designed for the top .01% who can drive tons of temporary attention to a coin then drop it without ruining their rep. Getting a few hundred mints in a previous model, would be real $ for the creator. Not so here. https://x.com/codybrown/status/1893051272011665447?s=46
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