Reid DeRamus
@reidtandy
Been thinking about what drives people to support creative work — not just for access, but to support, express themselves, or feel part of something. If we want onchain products to truly grow the economy around creative work, we need to move beyond speculation and tap into deeper motivations. Some thoughts on the search for something better below. Would love to hear your feedback! https://paragraph.com/@reidtandy/why-will-readers-buy-coins
13 replies
7 recasts
35 reactions
trewkat
@trewkat.eth
I enjoyed reading this, thanks. For the dummy (me) who hasn’t quite grasped the difference between coins and open edition NFTs, could you explain?
2 replies
0 recast
0 reaction
Reid DeRamus
@reidtandy
Not dumb *at all* - this is a great question!! Open edition NFTs are like tips for a single post. They have an unlimited quantity and are "free" (the collector pays a small fee, with some of it going to the writer / creator & some of it going the the platform). Collecting a post today is rooted in patronage as there's no direct way to make money by selling the NFT. Coins are much more liquid (they can be bought *and* sold), providing a few more ways writers (and readers) to earn: a share of transaction fees, benefit from the coin price going up, yield from staking, etc. Coins are broadly more flexible, so it opens up some compelling opportunities for revenue sharing back to coin holders. Curious to hear if this makes any sense at all! A little more detail here too: https://paragraph.com/@reidtandy/rethinking-how-writers-get-paid
0 reply
0 recast
1 reaction
AuntiePapi
@auntiepapi.eth
Tipping via DegenSub 65 $DEGEN
0 reply
0 recast
1 reaction
