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https://warpcast.com/~/channel/user-steen
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Steen
@usersteen.eth
when zora creators notice their tokens are close to launch, they should mint some editions for themselves. on tez it was common practice for artists to buy back or hold editions; same principle applies. that the creator can impact the secondary by holding editions for a minimal cost is extremely intriguing
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Sam
@samhorine
Didn’t they move the threshold to like 2000? How realistic is this for the average person?
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Steen
@usersteen.eth
1111 ~= .125 ETH ~= $300. considering this can be achieved with multiple collectors over time, i'd say it's significantly easier to achieve than trying to sell a 1/1 at the same value. i've seen tons of 1/1s listed at that and more
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Sam
@samhorine
Ahh ok so half - and used to be 200 yeah? That’s more achievable but idk something about having so many editions irks me - like I’d rather just buy one at $2 than 10 at .20 cents but maybe that’s just a me problem
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Steen
@usersteen.eth
used to be 200, but it's not enough for a healthy liquidity pool. 1111 should be significantly healthier and less volatile. rather than thinking of them editions (like editions of a print or sneaker for example) think of them like shares or fractions. more liquidity = more attention = more value. this is a very good thing. price of secondary editions doesn't even matter, only that trades occur (royalties). if we do our next @metaliminal.eth project under this model I think everyone will be surprised with how effective it is
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Sam
@samhorine
I guess it all boils down to: who’s the target market? Just artists and content creators trading amongst themselves doesn’t seem sustainable at scale - idk maybe I’ll mint something today, you’ve inspired me
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Steen
@usersteen.eth
isn't that what tezos and much of the art market currently is? If collectors can actually make money from liquid token pools it's far more attractive. i've actually made a small profit trading so far, but just knowing i can sell, even at a loss, is huge incentive to collect in the first place. check out what @takshshikari.eth and @gabrielnebular are doing, I highly recommend running an experiment yourself for a month or two. publish a project over the span of days instead of all at once, or do everydays, or do phone shots, for example. there's immense satisfaction in not worrying about marketing a project or 1/1s over and over and instead letting attention and value accrue over time. hmu if you do mint! https://zora.co/collect/zora:0x187f2f9edd92d954d3da70e9dd1d73394324d7f9 https://zora.co/collect/base:0xeed4c5a1cdfe85265430360146a17f0ad0056334
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