Cryptoart

Collectors are willing to pay 3$ to mint your art but you only get 1$ from it

I’ve “sold” more than 1k pieces on Zora. 
People spent 3000$ but i didnt even earn half of it..

Isnt the blockchain supposed to get rid of the middle man..?

Community builder, art lover, meme maxi, weed enthusiast.
• creator of *many* channels

protocol rewards != a middle man

https://support.zora.co/en/articles/1368641

Yeah alright, but my point is:

Collector pays 3$
Creator gets 1$ 

Dont you think artists should get the majority of it..?

After all, they’re doing all the work.. its their product thats getting sold.. its them who do all the promotion..

not necessarily, no. people are minting open editions for a variety of reasons but one big one is this system of protocol rewards. its spurred a flywheel of minting

if artists are concerned with capturing more value per mint, they don't need to use zora or protocol rewards

my push back would be - if this is the case why are artists minting on Zora? 

there are plenty of other options, no need to give up any fees to anyone. 

I think the answer is that Zora prioritizes helping users discover and mint OEs. their OE + protocol rewards benefits creators especially at scale, and creates positive flywheels for minting at a time when people are not minting or buying many NFTs period

if you mint on zora expecting $3 profit per mint, you probably just shouldn't be minting on zora in the first place, no?

Imho artists are giving up a pretty big slice of the pie for something that doesnt do much

First minter rewards and referral is not enough to justify giving up 2 thirds of the earnings

The flywheel of minting you talk about doesnt happen that often and when it does, its because some big account shared it here or on twitter and not because of the protocol

Just my point of view of course..

Artist - Father - /anemale - /symbolic-citees 
https://foundation.app/mint/eth/0x9157eBC552B90547d75eC96b2C420cDF62e39A08

zora is not really a marketplace at all, there is no secondary trading of nfts on zora as far as I know. It is a protocol for minting open editions, and the app is great for discovery. 

thing about 1/1s or collections priced higher is people don't really mint them apart from a few, super highly followed artists. its hard out there in NFT land. protocol rewards + OE has (miraculously) gotten people to keep minting

Thank you for the explanations. So, Zora is not a marketplace for artists because we need more possibilities, such as selling 1/1 works that have been deleted. But the big problem is that there is no real marketplace for artists in this space with a frame as easy to use as Zora, maybe there's Highlight 🤷