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Sunny
@sunnysangwan
I've been a part of the art community for 2.5 years on X & now here for a few months, & I can tell you with certainty that artists on @farcaster are at a crossroads. Best case 1: There's some foundational shift where the fc ecosystem elevates these "quality content" creators & they can have a meaningful existence here. Best Case 2: They go explore Lens or maybe back to X (where despite the algo, they get some recognition for their art from their peers). Worst case: They get disenchanted with web3 altogether because they've been scammed, rugged, ignored, reduced to a number & pretty much treated like second class citizens regardless of where they exist. I worry about this the most. Irony 1: The art community is the most vibrant community any social community can have. We literally have generational talent hanging out amongst us & most of us are unaware. Irony 2: Artists who are here are the most tech forward of the normie bunch we'd wanna onboard. Biggest assets for any social platform. 1/2 🧵
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Sunny
@sunnysangwan
Reality 1: Artists have been testing/participating in every piece of tech that's been released. Artists are driving every metric, whether it's qDAU or volume etc., up. Yet, that interest and engagement hasn't been reciprocated. How much engagement do the most engaged userbase of tech get back? Pretty much none. Reality 2: The tipping meta has kept artists here so far but we're seeing how that's unraveling. What other reasons remain for a userbase that's overlooked to remain here? Small fish in a big pond doesn't sound that defeating when the small pond doesn't have any bites. 2/3 🧵
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Sunny
@sunnysangwan
Reality 3: There's only one real used case for minting on-chain that's stood the test of time and that's art. All the ingredients of fc being a massive success story for art are here. We have an engaged artist community that's ready to experiment, iterate and explore, we have the devs that can supercharge the next art revolution and we have platforms like @zora & @rodeo on a chain that has a reach way bigger than any other. The problem is that it's all disjointed; we're disjointed. If you feel invested in this discussion, please comment and speak your truth. We cannot solve this if we don't talk about it. It is time to unite NOW or forever live with the what if.
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Callum Wanderloots ✨
@wanderloots.eth
Appreciate the commentary! How do you see zora and rodeo and other low cost minting platforms fitting in with sustainable artistic expression on farcaster? And I would say there are lots of use cases for onchain activity! Just more end up being in the backend of credibility and data purposes, rather than front end experiences
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Sunny
@sunnysangwan
I see both @zora @rodeodotclub to be critical delivery vehicle on a chain that has the widest and most frictionless reach.
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Callum Wanderloots ✨
@wanderloots.eth
Fair! I agree as distribution means it makes a lot of sense, but I’m a bit confused with how that translates to sustainable art monetization at such low minting costs Might be different if there was an understanding of being able to mint the same art in multiple places (eg, limited edition on manifold and open on zora) Any thoughts?
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Sunny
@sunnysangwan
Imagine thousand/millions collecting art just because they’d love to see it in their homes on their TVs.
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Callum Wanderloots ✨
@wanderloots.eth
Oh for sure, best case scenario, micro transactions become universally accepted and partaken in. More of 10,000 true fans than 1000 true fans or 100 true fans. But in the meantime, with such low minting frequency, artists have to give away their art for slightly better than Instagram prices, to a market of people conditioned on free content Not disagreeing with the goal at all, more just curious how to actually establish that ecosystem in a way that doesn’t devalue art entirely for the purpose of micro transactions
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