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Zora
@zora
When the mint ends, the magic begins. Introducing a new era for secondary markets and secondary rewards for creators, powered by Uniswap.
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Zora
@zora
We've launched a significant upgrade, focused on realizing more value for creators and collectors. + Onchain secondary markets powered by Uniswap + Creators earn secondary rewards when collectors buy and sell + Accessible mint fee of ✧111 + Three day mint duration Enjoy :)
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Maxximillian.eth
@maxximillian
I’m gonna say this in plain language so everyone understands. I just read the linked document about “The New” Zora, and this is terrible for Art if I understand the new programming correctly. Also the language Zora is now using to describe what we do there is not in alignment with being a place for art or for professional artists. I’m not creating ’posts’.  I don’t want my “posts” available for sale; I am not a ‘postist’ I am an Artist. I’m creating art. If you want to treat my works of art like a post on instagram… I’m leaving. This is not acceptable @Zora.
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Seeimagery - Michael
@seeimagery
I'm totally confused and was confused by the term post as well. Also, I don't get what they mean by automatic secondary market. Like, don't a collector have to list it? I'm confused.
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Maxximillian.eth
@maxximillian
Yes. Typically a collector does list on secondary—after raising the price considerably (increasing the value perception of the artist and collection, by the way). This makes sense and is appropriate as the collector is determining the new higher market price that they would accept for this piece that they now own. This new Zora policy is mandating an automatic Discounting of your artwork to 111 sparks (whatever those are) after 72 hours. Even food at a grocery store is allowed a longer shelf life, literally.
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Blue Cockatoo
@bluecockatoo
This is not the understanding that I had at all from reading about these changes. The "fees" to mint used to be 7x more expensive. Now it is 0.0000111 ETH. Now there is also a way to buy editions after the mint is finished where people can still buy from a liquidity pool and the artist is guaranteed some royalty for every resale that I think increases as the price does and can't be taken away by a marketplace like OpenSea because it's "onchain" via Uniswap. It's a novel approach to secondary market availability. So other than them taking away the ability to set a price and time limit initially (making every mint free and only 3 days), the rest of it sounds like improvements. If they'd just give back the control over the time and price, it would be a better option than several others out there, IMO. Though those two are kind of big deals. Hopefully they will listen to artists asking for those abilities back.
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