jihad ↑
@jihad
The most direct and high-signal way to support creators is to buy their art. NFTs made this experience digital. Subscriptions create an ongoing form of patronage. All of the above create a direct line of value transfer between the creator and their supporters. Coins don’t do this. Coins are traded through AMMs, and most of the value is *not* captured by the creator. Interesting experiments, but I still don’t understand how this is a better way of “supporting creators” than more direct, lindy alternatives.
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Matt
@mattlee
They way I think about it is there’s clearly lots of demand for speculation that have made people rich for things like creating fartcoin so why not direct some of that demand to artists instead of
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jihad ↑
@jihad
This was already happening through NFT secondary markets. It also happens with new works when the creator gets big enough that it’s worth speculating on them.
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Matt
@mattlee
Could be wrong but I don’t think NFTs ever got near the scale of memecoin trading volume
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Matt
@mattlee
Also not sure what you mean by big enough to speculate it’s clearly preferable to speculate on artists who are not big yet?
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