kagami
@kagami
this is probably one of the first features im quite excited about. collectibles exist in the middle between collector coins and collecting articles (like mirror). im hesitant to coin anything and everything due to the expectations inherent to launching a coin. the vast majority of “collectors” are speculators. speculators expect the creators to launch an lp with fees earned, marketing, and price appreciation. while the creator doesnt have to meet those expectations, it’s still quite the mental load to deal with. mirror and other content collecting protocols require the creators to develop and leverage their followings to drive discovery and collections. writing an article and turning it into a thread or other consumable form of media is additional work on top building a following on various social media platform. this is why im excited for collectibles, especially as a niche content caster. my content and distribution is farcaster native and specific. it doesn’t exist outside of here and i appreciate that followers can collect my casts without navigating off the platform (less friction for me, less drop off for farcaster). this feels similar to tipping tuesday, but the tipper gets the additional benefit of a 1:1 collectible (assuming there’s no bidding war). this also increases potential revenue streams (reward + tips + collectibles) to make creating more sustainable. i have no expectation of sustainability, but it’s a nice to have multiple options for earning. while i think people will inherently speculate on collectibles, there’s less expectation placed on the creator. coining everything drives dilution for collectors and potentially for the creators brand. collectibles become more manageable and allow for more experimentation for creators (token-gated casts, maybe?) without over dilution or burning true collectors caught in a speculative bubble. im genuinely excited that collectibles will be my first foray back into creating them since the first bull run way back when.
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Scott
@scottphd
I really like how you frame digital collectibles. Why have you made the deliberate decision to share your content on farcaster as opposed to X, IG threads or other web2 platforms? Wouldn't using a hybrid approach to sharing your content improve your chances to build a more sustainable income?
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