crypto

I find the backlash to platforms experimenting with new ways for digital artists to earn money for their work to be fascinating.

If price per work is high, artists like it but the potential market of customers is significantly smaller, especially in a bear market.

If price per work is low, artists don't like it but the potential market of customers is significantly larger, even despite a bear market.

If 2021 NFT mania was an anomaly, then clearly the internet-native approach is lower price, larger market. But emotionally, that feels bad.

Wonder how you bridge that.

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

the other issue is when the art/media becomes a coin, the “wen number go up” pressure begins — and most want nothing to do with that. (same during 2021 nft craziness)

building /gmfarcaster network |
blockchain ENT prof |  ⌐◧-◧ Nouncillor, Nouner, BuilderDAO community resident /builder |

https://www.gmfarcaster.com/

What if the coin is ultimately viewed as a new way of supporting an artist and people don’t primarily focus on  number go up?

That would be great — but so far (and yes it’s day 1) it’s speculation as usual. Which for memecoins is the game; for art/media not necessarily. But hopefully it plays out as a way to support creators. Just not seeing the vision on this. 

(and just a note — was one of the biggest creators/collectors on Zora — loved the og platform)

Yup I see that — but also going back about maybe 8 months when you could either do free mint w/split or set your price, you could do the same and earn decently on that. Was it more trad support/patreon-ish? Yes but it felt like you’re selling the art not the promise that the purchaser might make money off it (although with limited edition or 1/1s this also was possible). 

There was some backlash with the “nft turns into coin at x sold” and it pushed a lot of artists away to other platforms. Even zachxbt was put off by it when he dropped a report. If it had been a toggle/option then great. 

But this shift feels like this is not going to appeal to quality, just quantity. 

But you’re right — it’s early. I could be very wrong and hope I am. But the changes over past 6-8 months have felt not great on the creator side.

It's early and of course it might not work. Here's my optimistic case. 

https://warpcast.com/dwr.eth/0xe9056e7e