Waiting To Be Signed

There is a new WTBS today, especially relevant for anyone not in the fx(hash) discord. We discuss the latest announcement with the platform, some @rudxane1 releases, cats & kpop demon hunters. open.spotify.com/episode/1XRz1u…

@Toni_Marinara @chilltulpa

@Toni_Marinara @chilltulpa

no response from William or the Iconic team on this lol

@chilltulpa @Toni_Marinara The branding on the art devalues it greatly for me, so ugly. Fine to have on the back but on the front like this I would not have spent the money.

@Toni_Marinara @WaitingToSign I love (Basel) but I don’t prefer to have branding on an artwork, that being said, I collected this release!

@Toni_Marinara @chilltulpa It’s sold and marketed as a 1/1/x long form nft with the option for a signed print… not an editions poster and nor marketed as one

@chilltulpa @WaitingToSign Have many posters with this. I always viewed iconic art basel release marketed as a "poster" release albeit unique outputs on nicer paper than standard poster. Is this somethin that stops people from collecting limited ed poster? W basel branding it's nice to have for artist, no?

going through google drive and found a bunch of unminted Fields that I saved when trying to narrow down @erikswahn @verse_works

@mikegee @remnynt Wow and 6 selected? Nice hit rate.

@WaitingToSign @remnynt 7 total I believe

Nice, a handful of my Architectonia by @remnynt seed were minted. I went through a *ton* of seeds and there are a lot of mints that still surprised me. Here are my mints...

Submitted 6 very different seeds for Architectonica by @remnynt and looks like 2 of them got curated. Not sure which yet since they are still in the process of revealing. These were my picks (1/2)

Statement about the future of fxhash Hey fx community, As you are aware, these times have been hard for platforms on NFT markets, and we're no exception. We recently had to scale down the team and have been working on scaling down our infrastructure. At this point in time, no one in the team is getting paid, there's myself and a handful of volunteers, as we're essentially running out of cash. I can understand why many platforms stopped trying, building this kind of product is draining you to the bone. That being said, I am committed to getting us through this rough patch as I still deeply believe in such a tool existing for artists, but it's clear that the current model is not working. I've been thinking a lot about the future of fxhash, if any, and it came clear to me that the platform drifted from its initial goal of serving artists primarily along its journey. I think at the root of the problem is that a tool serving artists should be fully owned by its users, and not operated by a small team of people, regardless of how benevolent might their intentions be. While it's always been a long-term goal of ours to fully decentralize the protocol at some point, now seem to be the only opportunity we'll have at it. It only seems like a tangible path towards the future in case the company could not keep supporting the product. We're close to securing some money as a loan / investment, targeting end of June. Once we get this cash, it's clear that we will need to immediately change our trajectory. The plan - reduce operational costs to a minimum - 4k$/mo in services -> will require 1-3 months of work - 8k$/mo in employment -> reemploy a very small and focused team - 2 devs - 2-3 part-time members for helping across the board (admin, marketing, artist liaison, community, etc...) - transition towards decentralization - implement a DAO - open-source everything - figure out pipelines to slowly decentralize decision-making and ownership, from governance towards implementation - open books: company financials for everyone to see - first order of business to solve together: financial sustainability, targeting profitability - consolidate the core product through governance - chains supported - features available - etc... This is the very last time we'll be able to raise cash in our current state, so essentially this will be our last shot at finding a way to build a sustainable long-lasting ecosystem. But I deeply think that the only way to do so will be collectively. It's essential that we reduce operational costs to a minimum until we figure out a sustainable path in the future. The bridge till June It's unclear whether we will be able to keep all the services running until we get cash. We took all the steps that we can and informed our providers, but their policies are understandably strict, I'll keep you updated about this.

@jared_poz Demand spikes through content and social media like tiktok. I don't collect cards or shoes and I still see a lot of clips there, the algo pushes it. I don't see a similar culture building around NFTs or digital art without a compelling way to present the content.

Demand is at a low, that’s a fact. The observation stems from collectibles could have been deemed “low demand” a year ago and now it’s exponential. IMO. It’s part speculation. Part investment (beating S&P on average). And part love of the product that brought more eyes to collectibles. When attention comes to digital art, these could be key components of renewed attention. As things start moving, attention will beget more attention and investment/speculation. The ease of buying items on the blockchain is less friction that going to stores or waiting on eBay deliveries. That alone propels the space long term IMO

A few more points of clarity on this observation. I saw speculators rotate from sneakers to Pokemon and sports cards in 2020. And some spilled into digital collectibles. Similar speculative nature is occurring in collectibles. More bots on releases. Shelves are empty. Sharks circling. Attention will flow to where there are dollar opportunities. Standing in line at Target is easier than the blockchain. But the tech forward individuals will be here soon when other opportunities are less lucrative / more crowded.

@jared_poz & where is the content to be had without RL events, filming deals, big buys and sales, etc. that churn out the clips that support the content creators in those other collectible markets?

@jared_poz Demand for NFTs around all time lows (esp art) so what would outsider sharks observe abt the market rn that would appeal? No exit liquidity available for them unless they can get in heavy & cheap and shill it out on social media and create demand

@fauxjebus @pravijn @itsdanpearson @punevyr it says below 23k unique owners so idk how else to interpret the 14k

@WaitingToSign @pravijn @itsdanpearson @punevyr I think that’s 14k unique holders, no?

what’s the biggest generative art project of all time (most mints)

@pravijn @itsdanpearson @fauxjebus @punevyr only 14k unique pieces tho so it's not a direct comparison

@itsdanpearson @fauxjebus @punevyr those are solid numbers !

@rudxane1 OK but you sold the auction that sold the auction that sold the auction.... happy to have #7 here!

They (i) am not, its they (will) who is now

they (@rudxane1) are selling auctions now Infinite Auction, mentioned in the upcoming WTBS E125. auction.rudxane.xyz

@tdbee123 I wonder what incentives were given to Tyler and these artists to get this series on Shape… and give reserves to Shape power users no less