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Sjlver
@sjlver
What is the point of minting someone's work? (honest question) Minting seems to be a mix of bookmarking, sending money, and publicly liking something. Yet it's a strange bundle that does a mediocre job at each of these 🤔 Please help me make sense of web3 🙏🏼
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kaitoren.eth
@kaitoren.eth
I’ve always viewed NFTs as app data. The most common apps we use are wallets, marketplaces, and maybe for some people galleries. Maybe you like seeing your collection in Rainbow, or maybe you like trying to make money on OpenSea. This is not sustainable. Minting someone’s work makes sense if there’s an app you can use it in, and my argument to date has been we’ve been building backwards. Everyone’s creating random data first, collecting money, and then hoping apps just magically appear. That well has run dry. Look how many artists in web3 complain about unsold work. I argue if you build the app first the collecting/minting will come naturally. I am currently building such an app I hope others look to for inspiration. Moshicam has more creators than collectors. TheGrid.eth is a collaborative photo grid that lets people use their collected photos.
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Sjlver
@sjlver
This is one of the best replies, thanks! Isn't a blockchain a slow and unwieldy backend to store your app data? You could use a regular database; add an API to make it interoperable; implement transfers between users (for the few types of app data where that makes sense). You imply that NFTs add something... what?
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