Reid DeRamus
@reidtandy
How can we help writers earn meaningful, reliable income? Open edition NFTs haven’t quite gotten us there, so we have to find a better solution. We wrote a couple posts on why we think coins may be a better model (part 1 below) — we'd love to hear what you think. https://paragraph.com/@reidtandy/rethinking-how-writers-get-paid
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Colin
@colin
@six @androidsixteen.eth, relevant to the other threads on coins, we'd love to get your critical thoughts here as well!
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androidsixteen 🌲
@androidsixteen.eth
Will read and follow up with thoughts here!
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androidsixteen 🌲
@androidsixteen.eth
Just read -- not sure how it would differ from the Zora model as currently implemented? I guess my core question is around why virality matters. Viral content is closely coupled with an ads-based internet model. Rather than trying to optimize for millions of views / page opens, I feel like the goal should be to connect each author with their "1000 true fans" If each person can find 100 patrons that adore them, the mechanism underlying the monetization is less important. From the latter perspective, it could literally be as simple as a 1 USDC tip button That said, I don't want to be too prescriptive as I don't understand your business as well as you do. Perhaps it makes sense to offer a toolkit ranging from speculative tokens to vanilla subscriptions, and let your authors decide how they want to make money from their audience? Would be down to discuss further with y'all at Farcon or something, as @giu and I are thinking deeply about this as well
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Reid DeRamus
@reidtandy
Re: toolkit, that's more like where we were a year or so ago. We had a range of monetization features (referral rewards, collectible highlights, token-gating / NFT memberships / paid subscriptions), most of which weren't really used, and only introduces complexity in the product. Ideally, we find a monetization feature that really works as the default, and then selectively & opportunistically introduce complementary revenue streams over time (if needed at all).
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androidsixteen 🌲
@androidsixteen.eth
Let’s definitely connect at Farcon — @giu and I will be there Thursday and Friday I think we’re all figuring out the post-ads internet monetization strategy together, and I’d both love to learn from y’all’s experience and contribute to finding the solution(s)
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