@eriks

more thoughts on fotocaster: jc and i are committed to making fotocaster as close to a public good as possible the goal/focus is to maximize the value that flows to the ppl putting their creations onchain, while also giving ppl as much flexibility as possible the mint types we’re starting with: >open edition where the price increases each time the photo is collected - i.e. the artist chooses the initial mint price, and then each time it’s collected the price doubles >open edition with a fixed price >limited edition where the artist picks the quantity and initial price, then the price doubles each time it’s collected until the edition limit is reached >limited edition with a fixed price >1/1 at any price point the artist chooses >self-mints of 1, 2, or 3 that get minted directly into your own wallet - these sometimes won’t be for sale at all, separating the “putting a photo onchain” from “selling a photo onchain”, we will allow ppl to bid on these, and if the artist wants to sell they can work that out w the person bidding - this will be manual to start as i haven’t been able to figure out the escrow wallet quite yet i see fotocaster being just as much a public gallery/archive as it is a marketplace, similar to how things are when it comes to irl art rn fotocaster is set up to not charge anything for putting the photo/art onchain, a deployer wallet covers the small amount of gas, and each time someone collects the artist receives 99% of the collect price, w the deployer wallet getting 1% to subsidize gas on new mints, a community gas subsidy of sorts we aren’t sure if the 1% will be enough, but it’s where we’re starting, depends on how many mints vs collects and the avg collect price we are also thinking about the photo/art storage, and want it to eventually be on arweave, rn it’s on ipfs, we’re paying just $20 a month for 1TB of photo storage through piñata, and the max upload size is 15 mb so this gets us about 66k photo uploads to start. but to increase permanence we’d ofc want this to be on arweave if possible, based on my understanding the fees would be substantially higher, but if we can find a way to subsidize those fees we think it would be worth switching overall, we want fotocaster to be viewed as a community app that isn’t a “business” and instead seeks to maximize value for all of us using it, we hope to also figure out how to decentralize it’s development as we go forward tldr: maximize sovereignty, maximize value that flows to the ppl doing the creating, maximize the amount of photos and art that get put onchain, maximize the ability for ppl to find, view, and collect photos and art onchain can’t wait for u all to try it out! it’s still just jc and i in there rn but we are super close to opening it up for everyone 🫡

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