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jesse.base.eth 🔵
@jessepollak
one important nuance: average is a loaded word. there will be more and more very highly valued (and valuable) coins on @base, including new and existing growing more! but we'll also introduce new coin types (like content) that should have lower bases. that's good and healthy.
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Toady Hawk
@toadyhawk.eth
I have always been and will always be an experimentation maxi so I’m excited and curious to see how @jacob’s vision unfolds here. Agree that everything trends towards tokenization. imo, the one thing to watch will be: can creators be properly rewarded / incentivized by 1% volume on this new tier of coins? So far, truthfully, 1% secondary on even very viral mints under the previous NFT/erc protocol has been a little underwhelming. But maybe the new simpler system will allow for more volume overall and fix this disconnect. If 1% of volume isn’t enough to make creating onchain truly worth it, how do we bridge that gap? Maybe there could be a small tax on every trade that went to the artist, and the tax could be put into an AAVE pool similar to how Flaunch creates yield from capital without charging fees? Anyway, let’s try it in its pure market form first, and see how we go, but it will be good to consider different levers that might be pulled if results aren’t perfect.
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jesse.base.eth 🔵
@jessepollak
yeah I think that's the key mechanism design and I don't think 1% secondary fee is end game @jacob and I have been talking about this a lot
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