Cryptoart

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

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

artist of the abstract, geometric + minimal. come hang out /mbranson

kewl. when you say crosspost you're saying mint both places? or preferring rodeo?

I prefer collecting on Rodeo but I don't care if they also post to Zora

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

went into more detail about my thinking here https://warpcast.com/sonyasupposedly/0x69333aae

I don't like that the artist earns such a small cut of what you spend to "collect" on a Zora coin, versus 50% to the artist and 25% to the tastemaker on Rodeo. and I don't like the framing that you're buying stuff because it might go viral, versus collecting art

interesting. so seeing different use cases for different token contract types?