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Andrei

@xosmig.eth

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Andrei pfp
Andrei
@xosmig.eth
"As new NFT platforms, such as Blur, began reducing or entirely forgoing creator royalties, they started attracting a larger user base, at times even overshadowing OpenSea in trading volume. Their adoption of a laissez-faire market approach compelled OpenSea to adjust its royalty stance to stay relevant and competitive." Ah, the market pressure in action. Thanks for the link and for the interesting exchange! Looking forward to buying my books from Alexandria in the future :)
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Andrei
@xosmig.eth
So essentially the creator fees are up to the good will of the platform the NFT is being traded on? Curious, I wonder how it'll play out long-term. My gut feeling would be that to counteract the market pressure to keep the fees as low as possible, there should be at least a "recommended" fee associated with the NFT, so that platforms that charge smaller / no creator fees would feel a bit like piracy.
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Andrei
@xosmig.eth
Couldn't agree more :)
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Andrei
@xosmig.eth
Re. secondhand physical books One thing I always found fascinating about everything "physical" is the benefits of the inherent limitations of the physical world. In this case, buying and reselling secondhand physical books is much harder than digital ones, there are many small markets instead of one global market (so, many more "liquid" copies needed to saturate all of them), and physical books are subject to wear and tear, which limits their reusability.
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Andrei
@xosmig.eth
Just to clarify: my goal is not to criticize. Rather, I share your passion for decentralized digital publishing and really interested in how it can be done right.
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Andrei
@xosmig.eth
Two factors currently at play: low prices, small market. I assume the goal is to change both eventually?
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Andrei
@xosmig.eth
Re. creator fees: does it mean each time I transfer the e-book to someone, I have to pay a fee to the creator? Or only for sales? But then how do you distinguish one from the other?
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Andrei
@xosmig.eth
Q about the vision for Alexandria: If people own digital media, does it mean they can resell it right after consuming? What stops a few "copies" from saturating the secondary market, bringing prices to near 0? (i.e., to the lowest $ value at which people would bother to resell)
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Andrei
@xosmig.eth
Anything's fine as long as you don't start by talking about a chain of blocks.
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