Cryptoart

Given the coins debate, here’s a mechanism that I think could make sense for higher effort artworks:

1- Mint artwork as a token with a bonding curve attached to it. Anyone can buy from it.  

2- Allow users to “lock” their tokens in exchange for the NFT. 

3- NFT represents the artwork as well as your position (how early you were and how much you bought).

4- Distribute trading fees to creator and lockers

This way you encourage long-term holding and community building. Price is more predictable. 

Bonus point: locked eth earns yield such that game is non zero-sum anymore. 

Would love to get good feedback on this!

Thoughts?

I think this conversation needs some feedback from artists like @edurubio and more people discussing about it in /cryptoart channel

Building visual culture in Web3.| DeFi student | founder of /newmies | Mod at /veg | https://link3.to/edurubio

🌷💀⏳

teleyinex.eth ▫️

teleyinex.lens ▫️

teleyine.x ▫️

daniellombrana.es  ▫️

@astaralabs ▫️

@obeygiant ▫️

@scifabric ▫️

dev

The way Schezhugo shows it, sounds like all advantages,  and it probably is, but to me it seems extremely complicated. 
producing Art as a currency from the beginning seems like a conceptual mistake to me. Art should be created out of a soul necessity or pleasure, and only then, when people experience it, can prove its value.
The dynamic of minting/collecting and enjoying Art as an NFT feels more natural and closer to what I think Art is. But of course, I appreciate every new effort and new ideas to make and distribute Art.

Thanks, would love to hear people’s thoughts here!