humpty on Farcaster

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On NFTs vs content coins, Gary Vee says: “This is not about buying a photo as an NFT to speculate and flip it. This is tipping culture. This is subconscious human behavior—when you like something, you give.” What do you think about Farcaster collectibles: Are NFTs still a thing or has the meta moved to coins permanently?

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Sandiforward pfp

@sandiforward.eth

Second @shaya. This is still far from the average consumer, perhaps tipping culture resonates (more so in the US then other regions) but one thing is clear keep the value of reward and purchase in stables. What average consumer wants to get caught up wondering if $thispost token price is going up or down every hour.

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Shaya pfp

Folks in our circles still care but I wonder if anyone outside of our networks will care. I’m hopeful.

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Eduard🌹 pfp

imo NFTs are still a thing imo Farcaster collectibles feel more like tipping than collecting an NFT ( psychologically ). This is how imo you are showing appreciation, not speculate because there are no charts, or numbers involved imo with creator coins it’s totally different. Even if the intent is to support the creator, people subconsciously attach more weight to it. It becomes a token with a price, a chart, and expectations. Psychologically it make feel like a gamble. And imo it’s bad for creators as well as there may be a pressure to “deliver”, maintain the mc, to please the holders ( it’s just a burden that they don’t need, that naturally emerges imo ) I am not saying that creator coins are bad as they clearly have value, but I don’t think that NFTs lost this battle with them. With creator coins most may focus more on the token itself rather than the actual act of support, while with NFTs everything feels more natural. Give without overthinking🌹

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Arjan | That Poetry Guy pfp

Arjan | That Poetry Guy

I think NFTs are still a thing. Especially when it comes to the artist corner of the 'crypto-world'. I think both TBA and Farcaster have the right narrative to start with: creators create value. That's the most important thing here. I also think that there's a focus on the financial casino part of the crypto world when it comes to finding solutions. Maybe too much for my taste. But if it leads to more money spent on art, and all artists get a piece of that pie, I'm good with it. In my view, coins and auctions are not really about tipping culture. Collecting OEs at a low price fits that description better. Like Lens did in the beginning (I think they still do). But above all, let's find out and tweak when necessary.

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