Phil Liao
@philipliao
If the artist was on sound - would their NFTs be good exposure to bet on their upside? @gigamesh thoughts? If Dua Lipa was on sound - would fans still be economically sidelined when pop stars make it big? https://x.com/visakanv/status/1082581629082644480?s=46&t=v_ZlG4Qc5koinibzxLmqsQ
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GIGAMΞSH
@gigamesh
Just my personal take (I left Sound earlier this year): If an artist on Sound blew up to Dua Lipa level, it seems likely their NFTs would massively increase in value. However, given that there are no best practices for how often and how many NFTs an artist should sell, they're currently tough to value.
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Phil Liao
@philipliao
Oooh, best practices of issuing NFTs feels akin like best practices for startup equity - except we haven’t figured it out at all - would love to read how people are thinking about it There’s probably a Goldilocks amount that raises enough money to live off, but not too much to dilute fans
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GIGAMΞSH
@gigamesh
Yep great analogy. And just like startup investing, the best bets are primarily based on character/reputation of the founders.
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