ted (not lasso)
@ted
endless coins drive sequencer fees much more than 1:1 or limited edition NFTs, btw “show me the incentive and I’ll show you the outcome”
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0xen 🎩
@0xen
some of these are going to need to have some real number-go-up techmology otherwise nobody will bother. Right now the game isn’t much fun because there are no stakes
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ted (not lasso)
@ted
what do you mean?
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0xen 🎩
@0xen
None of these zora/base alliance coins have captured the broader crypto world’s imagination. Public perception is they fizzle always. At some point there will have to be some runners otherwise nobody will mess with it. I know they’re trying to change public perception, ‘1k is a lot actually’ but that comes out to like pennies for the artist and not a single trader is in crypto for 1k market caps.
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Hugo -
@schezhugo
I wonder if a more stable, long-term incentivized mechanism could make sense. Something like: - Art is "minted" as an ERC20 but with a more "linear" custom price curve attached to it. - Early buyers get a share of future trades together with the artist. This way you get deeper liquidity and less dependance on virality (while still allowing for a bit of it), which in turn makes it less risky for people to "invest" thus broadening the collector base. You could even have the ETH pool earn yield and be that distributed back to collectors. You wouldn't be trading you would be investing Any thoughts?
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Hugo -
@schezhugo
As an artists you’re stuck between selling to a very limited set of collectors or selling to memecoin traders. As a collector, you’re either rich, or a penny casino player. There should be a better, more balanced way.
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0xmons
@xmon.eth
the issue is moreso: why have a new coin for every art drop who is going to be buying what price it's at or what the curve looks like does not solve the demand-side issue agree we shld be looking at patronage or other (e.g. yield streaming) methods tho vs just redirecting trading fees back
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