6 replies
2 recasts
27 reactions
2 replies
3 recasts
22 reactions
Yeah I hear you! A few thoughts I'm curious to hear your perspective on:
Right now, all content = $0, 0 liquidity. This includes every time you share one of your photos. What if you could coinify this content (watermarked, low-res, etc, distinguished from the fine-art) and then, instead of just sharing the picture, you share the link to zora. Now every time you reshare that photo, you have the opportunity for someone to buy a coin as a thanks for giving them beauty on their feed?
With this model, you earn every transaction (1% fee) while getting 10 M tokens (1% of supply), so that if the liquidity becomes big enough, you can sell your 1 M supply and earn more than a few cents. You can then share this art forever, and if it happens to go viral on fc or elsewhere, maybe you earn a few $100 for that content.
Also, 99% of memecoins go to zero, so the status quo is currently no liquidity, no value. If even 1% of your content earns liquidity, isn't it better than current social posting (as distinct from art)? 1 reply
0 recast
4 reactions
3 replies
1 recast
10 reactions
yeah all totally fair! I think, again, that this is the difference between social content & art: art is to be collected and valued, content is to be appreciated via attention.
if you give $0.10 to your favourite creators every day, only $3 across the month. But if 1000 people do that, it starts to be a way to show appreciation and value to creators for their time.
Re: liquidity, every transaction rewards the creator in this case, so even as people exit and bring the token back to 0 (which will likely happen in most cases) at least the creator earns on the buy & sell.
re: accidentally spending too much money, I think that's why rodeo & zora deal with things like sparks now, because you can load your wallet with $X you want to spend that month on creators, and can stop when you run out 0 reply
0 recast
0 reaction