Content
@
0 reply
0 recast
5 reactions
phil
@phil
Welcome to @zacharyhsmall! Zachary is the author of Token Supremacy, a new book on the rise and fall (and rise again?) of token-based art. They have agreed to do an AMA on all things art, finance, and their experience documenting the mania of the previous bull market cycle. Reply with your questions. :)
14 replies
4 recasts
144 reactions
Duraa
@duraa.eth
hello @zacharyhsmall nice to meet you! why do you think there is a disparity in supply and demand in the crypto art scene? and if things are still over saturated supply, what do you think will happen long-term ? thanks in advance!
1 reply
0 recast
0 reaction
Zachary Small
@zacharyhsmall
Hello! I texted some investors this question for you. One said that it is a liquidity problem; NFTs are not being traded at high enough frequencies to justify them buying more. Another said it was a trauma problem; they were burned by NFT rug pulls last cycle and would prefer to invest in memecoins, where they have no illusions of greatness. There is no such thing as equilibrium in the art market, so I wouldn't expect to find one in digital art — but great artists find ways to defy expectations and gather interest. And I think crypto art should look for artists who reflect their values and engage with crypto in new/surprising ways.
1 reply
0 recast
0 reaction
Duraa
@duraa.eth
yes. i agree on what the 2 investors said regarding the trauma and that secondary market is almost unnoticeable. however, this is mostly pfp projects. and the trend of overpromising and underdelivering did cause that trauma that one of the investors mentioned thanks for the AMA. looking forward for the next one !
0 reply
0 recast
0 reaction
