ted (not lasso) on Warpcast

Content pfp

0 reply

0 recast

0 reaction

ted (not lasso) pfp

ted (not lasso)

genuine question*: for artists who don’t like the new 30 cent default that some platforms now use, what’s stopping you from using a platform that allows you to set your own price or a higher default? what do you take into consideration when choosing a home for your art? *all my questions are genuine lol

52 replies

35 recasts

135 reactions

Lauren McDonagh-Pereira pfp

Lauren McDonagh-Pereira

@lampphotography

So unfortunately, over the years I have found that you only make sales on whichever platform is trending at the moment. People got super excited about OpenSea then foundation then Exchange Art then Objkt then Revel then.... on and on. Typically, when a new platform starts trending there is a mass abandonment of the previous trending platform. So while there is nothing stopping me from listing a 1 of 1 for 1 ETH on Foundation like its early 2022, it is extremely unlikely that it will ever sell, or that anyone will ever click the link. Further, the more it is engrained in the culture that $0.30 is the "correct" price for an NFT, the harder it is for more elite artists to justify their higher NFT prices that better match their IRL gallery prices.

2 replies

0 recast

26 reactions

Callum Wanderloots ✨ pfp

Callum Wanderloots ✨

@wanderloots.eth

I think it's less about what is stopping me from using other platforms, and more about how the current meta impacts the valuation of art as a whole. E.g., I might take 1-5 astro photos a year that cost me $1000+ & 100s of hours to achieve. If I sell that piece for $0.30, it requires a very large volume to break even on the cost of the photo, whereas selling a limited edition series of 10 pieces for $100 each is much more likely to be "worth it" However, if the public opinion is that art is now worth $0.30, the likelihood of finding collectors willing to pay what I value my art ($100/edition e.g.,) drops as people become accustomed to spending almost nothing. In web2, the expectation of the internet became that content should be free. I'm worried this 30 cent default will do the same to NFTs, making them a less sustainable medium as a whole. It's the difference between selling stickers and selling museum quality prints 🤷‍♂️ imo the contract ~should~ impact the value drastically

3 replies

0 recast

17 reactions

Mikko pfp

@mikkolagerstedt

I think it comes down to what you mint on those platforms. ie. i get about 2-10 photographs i am happy with each year meaning they should be higher in value to those that can be captured/created daily. from my experience in photography and licensing, if you have unique work you should ask for premium for them.

1 reply

0 recast

6 reactions

Renée Campbell 🎩 pfp

Renée Campbell 🎩

This is such a big topic that I can’t do justice to in a comment but I’ll say a few quick things. I’ve seen some people praising the new 30 cent mints but I don’t see how 99% of artists will make money with it. I’m using it as a way to stretch my art legs, not sell my favourite pieces. As for minting my work at the price I want, I haven’t minted in that way for a while but I’d possibly lean to manifold for that so I’m in control unless a platform was truly going to help me promote but they usually only do that for a day or two if you’re lucky. Thing is unless you’re an artist that’s being pumped up by some important people you don’t really sell much. People buy what is perceived to be of value, if no one says your work is valuable, the majority of people will ignore. I hate this but it’s the reality. Quality often gets ignored.

0 reply

0 recast

4 reactions

Zach Lipp pfp

The cultural changes are fast and volatile for artists in the on-chain market. In 3 years, we went from artists mainly selling high-priced one of ones, to selling an occasional limited edition, to selling mainly editions. The free mint meta has popped up before, but it's fairly dominant right now. It's hard for many to make the shift from where it started to where it is now. The longer you've been in the game and the more entrenched you are in one of one sales, the harder the shift to this new low-cost mint pricing it would be. I believe there is tension between the Eth L2s and main-net culture, and this effects the art market within varying social networks. The art market is dynamic. I'd like to see some dynamic discussions and solutions on how to help establish long-term value for on-chain art.

0 reply

0 recast

4 reactions

Arjan | That Poetry Guy pfp

Arjan | That Poetry Guy

@sunnysangwan, @angelikakollin @angadbsodhi @ashwini I think you might have something to add here? @papa maybe as well?

2 replies

0 recast

4 reactions

🎀 benna 🎀🎩 pfp

🎀 benna 🎀🎩

i've seen several artists state that they are considering minting with their own smart contracts on Manifold. It's not a bad idea, but often requires an existing (and large) audience to guarantee consistent sales. my gut feeling says that now that art has been made 'cheaper' by this 30 cent model, collectors are disincentivised to use more exclusive art platforms such as SuperRare, Foundation, etc. Would love to see some stats on the current number of visits / transactions on Foundation, SuperRare and other major art marketplaces these days tho. Web3 is so entrenched in whatever the current ~meta~ is that many artists have to ride the wave of what's trending to earn some money. rn that seems to be Zora and Rodeo, but if you don't go viral on any of these platforms (most don't), you're making peanuts. (as a side note I have so much fun with both Rodeo and Zora and love collecting on both platforms... but earning has become a struggle on there).

2 replies

0 recast

4 reactions

Rakshita Philip pfp

Rakshita Philip

@awkquarian.eth

I do use platforms that promote cheaper mints for growing my audience but I sell my comics through my own platform. It’s not perfect, especially since I’m not a developer and we’re bootstrapped but I’ve done my best with it and will continue to improve over time. But, building it was costly, and I know that’s not something every artist can afford. Other platforms that allow for higher priced mints don’t have many active collectors or significant volume at the moment, so making sales would be challenging regardless. At least with my own platform, I will still have more control and flexibility. Hope that answers your question a little bit.

0 reply

0 recast

2 reactions

ns pfp

Discussed this at length yesterday with @usersteen.eth among others on Spaces. Towards the end some of the artists levy their opinions on exactly what you just asked. Was a great chat if you have time to listen. https://x.com/nicky_sap/status/1828839743850947041?s=46

1 reply

0 recast

2 reactions

0xen 🎩 pfp

i was minting all my salon oxen hypersub nfts from a single zora contract. most were unavailable to purchase so the editions would be more exclusive to subbers. now that's not a possibility i don't think and i have to change contracts and split up the collection which isn't great

0 reply

0 recast

2 reactions

BrixBountyFarm 🎩 pfp

BrixBountyFarm 🎩

Need more benefactors acting as megaphones in the art space. Pre sell a portion of a collection before launching publicly. https://warpcast.com/brixbounty/0xe1050a63

1 reply

1 recast

1 reaction

christin pfp

😭 the fact that you have to preface that your questions are genuine and not baiting

0 reply

0 recast

2 reactions

binocularsXL pfp

@binocularsxl.eth

I just assumed the artists were more into having their art being minted and recognized than getting royalties for their art. Then after recognition, they can hold a special mint on their platform of choice.

0 reply

0 recast

1 reaction

aneri.base.eth pfp

artists and creators can set their own price when they mint on @coinbasewallet https://wallet.coinbase.com/assets/nft/create

0 reply

0 recast

1 reaction

Arjan | That Poetry Guy pfp

Arjan | That Poetry Guy

Good question. I'm still on the fence, to be honest. I moved to Zora as my main platform, because of the protocol reward system they introduced. Still love how, in my mind, they pioneered that, made it a thing and changed the perception that art (and other content) is free. Even with their small mint fee, the idea of free was changed. That meant a lot for artists. As a poet who is bad at marketing, I'm not selling much. The new meta of 30 cent mints is, at first, not so good for me. I don't get 10 x as many mints if the price of my work is 10 x lower. Still, it's still the same: there's a direct exchange of value. So, I support that and realise I should get better at marketing. Also, we're really at the frontier with this stuff. It's all new. If we don't experiment and iterate, it won't work anyway. So, I try to play along and see where it leads me. So far, that is in any case infinitely better than I have ever achieved on Web2 (and I joined that early, too).

1 reply

0 recast

1 reaction

Ohnahji🎓 pfp

https://foundation.app/mint/eth/0xefD97732F685F879645131eF72F51c391e8D0e45/1

0 reply

0 recast

0 reaction

Jacque(she|her).⌐◨-◨ pfp

Jacque(she|her).⌐◨-◨

Double-edged sword, I can collect my friend's art and they can mine. It’s not a way to get by tho. I and others have worked to make frames with devs help to at least get a bit more value for it, yet even with takinh power and ownership with API now to even pay it forward to others we have to pick our battles and lock it in FanTokens in the network so then our cohorts and friends can benefit from us too.

0 reply

0 recast

0 reaction

Izzy💫🎩 pfp

D’you know or have some in mind?

0 reply

0 recast

0 reaction

Max Jackson pfp

What frustrates me about Zora is that they didnt just change the free mint price to 30 cents but that they took away our ability to set our own price and the ability to limit the number of editions. Artists were getting their bills paid on Zora previously. I am not so sure its possible now. I have fewer complaints about Rodeo because they brand it specifically as a social app for sharing WIPs and the like. What frustrates me about the shift is they are not building any bridges between social collecting and patronage (buying 1/1s or fairly priced editions). It feels as though they gave up on digital art having value, and are asking everyone to give up with them.

6 replies

1 recast

21 reactions