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https://opensea.io/collection/zorbs-eth
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jacob
@jacob
Coins can scale to infinite collectors, solving a huge problem with editions Thread:
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jacob
@jacob
One insight we gained at @zora is that the secondary market is the primary experience. A mint lasts for a moment in time, and then for 99.9999% of the time a token is in the secondary market.
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jacob
@jacob
This means most people who want to buy a thing are experiencing buying on the secondary. This is not ideal, because NFT secondary markets are clunky and inefficient. You need the holder on the other side to accept an offer (if they want to at all) and do a lot of work to find a price. This limits growth and is a bad user experience.
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jacob
@jacob
By moving to coins we have entirely automated the secondary market. Anyone can buy any amount at anytime, and more crucially: the number of people who own can scale infinitely. Editions are limited by the supply of editions. 100 editions, 100 holders. Coins can grow to the scale of the Internet.
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jacob
@jacob
This means that the potential for creator (and collector) value capture and distribution is unbounded.
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jacob
@jacob
More importantly: this means that we can discover value over the long term. People think that this is a short term driven model, and that’s certainly where the activity is right now. But these markets will be liquid and available for as long as the blockchain exists. So we’ll see the true value be revealed in the long term.
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