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jacob
@jacob
Today, we released a major upgrade of the @zora protocol. We are bringing secondary markets onchain with @uniswap to unlock more value for creators and collectors after a mint. When the mint ends, the market begins. It's like magic.
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jacob
@jacob
Our goal is to build the most rewarding place to create and collect on the internet. This means pairing the most efficient minting models with the most simple user experience possible. This requires constant iteration and evolution at the protocol level.
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jacob
@jacob
By pairing Zora's and Uniswap, we are able to introduce a new era of creator royalties called Secondary Rewards. Every time a collector buys and sells on Uniswap, the creator will earn a percentage of that sale via the LP fees. These are onchain and can't be removed.
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jacob
@jacob
This upgrade addresses one of the largest collector painpoints: missing a mint. Instead of seeing an ended mint and not being able to do anything about it. Collectors can easily buy off the secondary market at the best available price.
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jacob
@jacob
We are putting the full power of crypto into the hands of creators and collectors. We've unlocked: + New creator royalties + A powerful post-mint collector experience + Price discovery when a mint ends + Open and onchain markets A new imagination era.
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jacob
@jacob
Read the full announcement here, including more details on the protocol upgrade: https://zora.co/writings/onchain-secondary-markets
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jacq vaca🐄
@jacq
amazing! this is going to be interesting :) question - does this apply to live mints happening now that are set to expire in the future, or will it only be triggered starting with new mints? I have some live baddies up for mint right now.
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