Cryptoart

please crosspost your zoins to Rodeo so I can collect them there instead 🥺

10x collect on Rodeo: spend 0.001 ETH, artist gets 0.0005 ETH
this makes sense to me — it's tip-to-mint, basically. micropatronage, feels good as a collector

spend 0.001 ETH on Zora coin, artist gets ???
in theory, 1% of trading fees, I believe?

if we use this post as an example and the basis for some napkin math: https://zora.co/coin/base:0x3ea5de60b2d731c2eb71739ab294d37340483d81?referrer=0x18FfAD7FEc51119C55368607e43E6a986edaa831
creator earnings are $575, total volume is $220,143, so creator cut was 0.26% of total volume

could we maybe infer that if you spend 0.001 ETH on a Zora coin, the creator gets 0.0000026 ETH? I am not sure about this is a sound assumption, tbh

(leaving aside the artist's allocation of the coin, which in the default case is not worth much anyway)

obviously with the coin structure you can buy into the potential upside of the content. but in the vast majority of cases, there is no meaningful upside, because the vast majority of art is not suited to being viral content

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

I used to think that high fees were gouging by art platforms. Now I realize that they literally need to charge to survive

Unlike memecoin platforms where volume is king, collectors don't trade very much, so the volume is naturally low. Imo this is a feature not a bug of the art market.