Callum Wanderloots ✨ on Warpcast

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Matthew pfp

speaking anecdotally, I invite fewer of my friends to FC now than I did a year or two ago. Still unpacking the reasons / thoughts behind that but curious if others feel the same.

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Zach Lipp pfp

I’ve been extremely active here for 6 months. I don’t invite new people to Farcaster anymore. I tried to onboard a lot of people at the beginning. A core of users stayed but 90% of the artist community I helped onboard are no longer active. It’s a graveyard of user profiles that I brought on. A focus on how to get those users back on the platform seems like a better bet than trying to convince someone new that it makes sense for them.

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Callum Wanderloots ✨ pfp

Callum Wanderloots ✨

@wanderloots.eth

Agreed, this is my main focus. A major reason for the dip was degen rules changing and people feeling they couldn’t earn I think another is that low mint cost platforms like Zora don’t inspire artists to spend enough time here, because they earn far too little to justify the time it takes to become a power user here

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Let’s start with the low mint cost art platforms. From a collector standpoint, they are interesting. They are a great way to discover new artists and a way to experiment with genres that are not areas of expertise. From an artist standpoint, low mint cost art is a great tool in the toolkit. The idea of a low cost mint has its appeal for specific scenarios. Artists with a dynamic history in the on-chain art-world are going to naturally be hesitant to this model because its counterintuitive to how they initially priced their artwork when they entered this space in the summer of 2021 or anytime in 2022. I’d like to see a polarizing side of the art ecosystem on Farcaster to balance out this low mint cost model. This is enough to stop many artists from ever committing to Farcaster.

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Callum Wanderloots ✨ pfp

Callum Wanderloots ✨

@wanderloots.eth

Very valid and well said! Where I struggle is, eg, my astrophotography. Some photos take me 100s of hours and $1000s to achieve, so selling it for a few cents makes it difficult to justify. Totally get it from a promotional perspective, more just trying to wrap my head around it all :) What are your thoughts on, eg, putting a piece on zora or rodeo club, and then minting a limited edition or 1/1 version on manifold of the same piece? I guess the question being, in the world of onchain art, how much does the contract level scarcity/style matter?

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@samuellhuber.eth

Assuming there are artists collecting for 1000$ and more per piece How could we enable you to reach them better?

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Callum Wanderloots ✨ pfp

Callum Wanderloots ✨

@wanderloots.eth

Hmm so I think that assumption is actually quite a high price for the average person, but I also think that's where the issue lies. The goal as an artist isn't to sell pieces for extremely high prices, but to earn sufficient living that the artistic life is sustainable/justified economically. Instead of selling 1 piece for $1000, it's much more likely to sell 10 pieces for $100. However, to sell on Zora or Rodeo for $0.30, I would have to sell ~3333 micro-NFTs. While this volume is definitely possible with a viral piece, it's unlikely to occur on a regular, consistent basis, which removes sustainability from the "free mint meta" option. However, rodeo and zora offer reach through a consistent posting platform, reach that aggregates with each post; a win for artists who can potentially find their true fans that would spend $100/piece The issue, as I see it, is that we treat minting post NFTs as the same as selling art NFTs, when they serve entirely different purposes as it relates to monetization.

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