matthew chaim
@chaim.eth
I don’t think the “this can work for jesse and no one else” argument is making the point you think it is. The problem that highlights is that there aren’t that many creators here with lots of attention + big distribution power. Not that the value capture mechanic is wrong. I’m not saying this zora pivot is the end all be all for right thing. but i’m not positive it’s wrong either.
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Steve
@sdv.eth
> The problem that highlights is that there aren’t that many creators here with lots of attention + big distribution power. So how does a pivot from collectors to targeting profit seeking traders help creators?
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matthew chaim
@chaim.eth
i’m not sure the pivot is better or it’s worse. i’m also not sure it’s a pivot from collectors to profit seeking traders over long term to me it’s instagram with a financial market baked into each piece of content instead of an engagement market. simple as that. and rn the most efficient and interoperable crypto markets run on erc20 infra. things always have a price. they also reduce complexity away from understanding how orderbook secondary markets work. the question is can this mature beyond pure short term speculation at scale? i don’t think that question is much different if it was a 1155 or 721 system instead. the answers just manifest a bit differently. with 20s you get quick boom and busts. with nft’s you get illiquid secondaries and a slowly dying off primary. that question may have a better chance of being answered if the best type of financial market is attached to the content. zora is saying: maybe it’s 20’s. (cont’d..)
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