Deployer
@deployer
I've seen mixed reactions to Zora combining pictures and tokens. I could be wrong but this feels ... right. It's fascinating. Its like fractionalizing NFTs without having to fractionalize a thing. You can own a lot or you can own a little. You can flex being the biggest holder, or you can just support your favorite artist with $5. The only thing that separates this from existing 1/1s or open editions is how platforms display them. By owning any amount of these tokens you own "the picture". The amount you put in is up to you. I get the sense artists hate this because it further pushes art into some kind of financial asset, but this is fascinating and I hope more artists use it and it catches on. NFTs were always financial. Artists wanted a new way to monetize their work. They required a mental leap to embrace a new concept of ownership. Seems like that is also the case here. This solves the royalty debate. I assume the artist earns fees on every swap.
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Trish🫧
@trish
Much of this is true but so many other things to take into consideration. Artists mostly are not about seeing that chart on a dex screener. Messes with the mind Also it’s so hard for crypto curious web2 artists to take the leap. Web2 communities revolt. Its a risk. This method isn’t particularly appealing. It’s confusing and probably a little suspicious to them Happy to be wrong but I don’t think I am. I don’t understand why both ways can’t coexist
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Deployer
@deployer
i think its the first stab at something potentially interesting. you're right, in its current form i'm not sure its super appealing to existing artists.
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Trish🫧
@trish
Totally appreciate this. None of the trial and error upsets me. It’s just the way the plugs have been being pulled without asking artists themselves. Zora and foundation just kinda made the switch and now they are telling artists why it’s best for them. All of this after artists played a major part for years in making these brands what they are IMO it’s more the way all of this has transpired than the changes themselves
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