Varun Srinivasan
@v
Creators earned $23,000 from collectibles in the first week! We knew historically significant casts would be popular, but its also been really cool to see how people have sold candles, prints or even rented out their time to others via collectibles. Our next priority for collectibles is getting them to work on web, which we hope to ship this week. If you have any annoying bugs or feature requests, please share them in the thread below.
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marlo
@marlo
being able to keep bidding on casts once they are sold (secondary market bids basically) h/t @shazow.eth
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shazow
@shazow.eth
This https://farcaster.xyz/shazow.eth/0xef5c2ebc Original caster should get royalties of course
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marlo
@marlo
🔥🔥🔥 what if we fully mlm it and give collector royalties to the original collector and then smaller to the next one and so on 🤣
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shazow
@shazow.eth
lol maybe, but the more misaligned the royalties are, the more incentive there is to bypass royalties (which isn't terribly difficult) a lot of us are bidding to support the creators, so sharing royalties with creators is very aligned
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marlo
@marlo
just joking around. i kind of like the way superrare has collector royalties for the first collector but i don’t know how life-changing they really are unless you discover the next xcopy or something
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shazow
@shazow.eth
doesn't the first collector already get upside from reselling it? what's the rationale for more royalties beyond that? to increase churn of the initial sale?
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