Consumer Crypto

why mint pictures of our friends?

i've been using @moshicam @rodeodotclub and @zora to understand how they differentiate and approach onchain pictures

i wrote about their unique features and rewards mechanism, and how i believe they’re shaping a new social behavior towards content

art cover by @tch 

https://paragraph.xyz/@tomu/onchain-pictures

I enjoy these platforms — my personal favorite is Rodeo — but I remain suuuuper skeptical that they can scale beyond a niche crypto audience

normies will not want to use "Instagram but you pay to repost your faves" (which is effectively how the minting-feed referral setup works), that's not the path to mass adoption

from one perspective, no big deal — the crypto art scene is developed enough to support a handful of minting platforms frequented by collectors who are motivated by a non-speculative "digital sticker collecting" mindset

except the entities behind these platforms are venture-funded startups, designed to seek scale and outsize ROI. which is probably why Zora layered in the whole viral memecoin secondary markets thing

am I wrong? interested in counterarguments

internet rabbit • comms @ /splits • https://www.sonyasupposedly.com/

researching onchain | writing tomu.xyz founded overgie.com mintgate.io | nf.td/tomu

I'm skeptical of the impact of that too, it only adds up to much if you have a significant number of followers

i think the value here is how their referral rewards work and those being distributed to anyone that has an interaction with the content

that's the biggest thing to switch from mainstream to niche onchain social