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
5 replies
0 recast
22 reactions
Mina
@minaabbasi
We still in hard time. Many collectors from first being they had their own teams of artists and only collect their works and I saw many of them even introduced those artists to new collectors and encouraged them to only buy from them cuz they wanted to promote themselves and have chance to sell those art more expensive in future. That's why many good artists left nft.
1 reply
0 recast
0 reaction
aferg
@aaronrferguson.eth
definitely! That's what I'm referring to by sales and attention having centralized around a few collectors only
0 reply
0 recast
1 reaction