Content
@
0 reply
1 recast
1 reaction
chaim.eth
@chaim
A few reasons why I'm excited about @zora's new protocol design: • It makes released work feel perpetual: Some of my best music I haven't minted yet because it feels like you have to absolutely nail the primary mint, since after that it's effectively all over. With a liquidity pool coming online after mint, it feels like the market around the work exists forever. • An onchain creator royalty that feels natural: Secondary royalties on NFTs were offchain and socially enforced, until they lost that social game. With LP fees pointed back to the creator, we are using an onchain royalty that is a natural and useful incentive mechanism within the uniswap protocol to point value to creators directly from their works' markets. [cont'd...]
1 reply
0 recast
12 reactions
chaim.eth
@chaim
• Feels more fun: The added feeling that this work could light up into a valuable liquid market makes minting more exciting. Right now this excitement is at a fever pitch, but as this protocol upgrade settles into maturity, I think that feeling just becomes this added little spark to the experience. Of course that potential has always existed, but it feels stronger when it is a uniswap LP as oppose to an order book listing-style secondary.
1 reply
0 recast
3 reactions
abram
@abram
this feels right to me. it's a cool direction & experiment. curious if owning erc20s feel different than 721/1155s from a collector standpoint? or is "collector" not the right mindset here?
1 reply
0 recast
1 reaction
chaim.eth
@chaim
i think collector and trader are merged into a symbiotic third thing when this is executed correctly
1 reply
0 recast
0 reaction
abram
@abram
right right. has it always been this third thing we just haven't had the right tools? as an artist do you care _who_ your collectors are or just that you _have_ collectors? it's probably not black or white...and maybe this solves for both?
1 reply
0 recast
1 reaction
chaim.eth
@chaim
i think as an artist i want attention — yes you want it to be the “right” attention mostly, but i think that comes from the intention you put into it. if your intention speaks full degen, you’re gonna attract degens only and vice versa. if your intention is to create and release great work, and grow ur audience towards the end of making that work valuable, you can attract a healthy mix of both collectors and speculators. most of them can be both those things. the tools feel like they’re getting closer to allow me to do that in a way that feels creative and exciting and value accruing
0 reply
0 recast
3 reactions
