aferg
@aaronrferguson.eth
Anyone who knows me knows that I've been saying for ages that in my opinion the NFT space has struggled the past few years because we wrongly settled into a (centralized) culture of a few big ego collectors collecting 1/1s - but when the bear hit, they were over-committed and stopped supporting artists (since much "support" was an insincere tactic to build followings for dumping their own crap projects onto). What we truly need for a healthy art scene is a large collector base collecting lots of affordable editions. This eliminates the need for artists to worry about staying on the good side of a few arrogant collectors, as well as allows them the freedom to not converge on artistic styles that they think will appeal to these few people. It also eliminates the risk of art sitting in a dead wallet as a 1/1 for eternity, never to benefit the artist again. 1/2
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ilannnnnnnnkatin
@ilannnnnnnnkatin
thank you for sharing your thoughts out loud on this topic . secondary sales inevitably benefit the collector more than the artist . many moons ago there was a study by hex6c that was commissioned by SR to mine data and predict where the profits in the secondary market were heading . while at the time these were going to the artist , the long term trend was that these were inevitably going to go to the collectors / traders . and apparently it was happening faster than predicted . atm secondary is almost frozen . people ar hodling . many markets discarded royalties entirely . i agree that a healthy art scene should have abundance . but i also think that we need a better model over all then just tying artists trying to make a living to sales . a more equitable system would be to distribute 'profits' including royalties to everyone who contributes to these platforms . and the platforms aught to be cooperative . otherwise it's the same model of extraction . winners and losers . all over again .
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aferg
@aaronrferguson.eth
Everything you said is unfortunately very true! Happily though, secondary royalties are baked-in on-chain as part of Zoras secondary market implementation, so Iām hopeful this can help to make a positive impact for us.
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ilannnnnnnnkatin
@ilannnnnnnnkatin
thank you for your response ! have been thinking this for a while as well . in a way rodeo goes straight for benefitting and incentivising collecting and kind of curating . imagine for example some work that one has collected of which there were very few mints . and at some point there's a high demand for it for whatever reason ? but that's still the 'art star' effect . now imagine if we take money out of the picture . say we all end up with some kind of basic income ? the art is no longer attached to monetary value . the only thing that it holds is its cultural value or popularity . this would change the dynamic completely . it's an interesting thought experiment .
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aferg
@aaronrferguson.eth
Sounds like a magical scenario for sure :-)
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