junnie

the short answer is it's fun and well made the long answer is, the platform itself is opinionated in a way that makes me want to capture/respond to it, interesting network effects, fixed economics, new approach to a secondary market etc - all interesting variables to create against on a personal level, foundation is where I got my start as an artist and have a lot of respect for their work in general, top tier brand/ui/ux, all disciplines from my previous professional life, love to see this level of craft and polish in crypto, it is quite rare and has my respect full transparency, initially thought the 25% fee was too high but if you consider what the protocol has made in the last 6 months (30 eth~ or so, absolutely nowhere near enough to pay all the people they have working on it I imagine) then it is a work of charity in the short term, also worth considering they are tapping a 3 year product with very deep distribution and an incredible roster of artists and collectors if you contrast that with models in the "real world" where you paying 50% to a gallery that sells to a buyer you already knew 90% of the time, it is very reasonable - also don't see why it couldn't come down with more scale, but proving it's valuable enough to take that fee in the short term only sets you up for delivering good news later I actually think the service here, particularly for artists without massive audiences is very compelling for many of the reasons mentioned above - takes pressure off, stops you from sitting with no bids on 2 listings for 6 months, if no one is interested then the edition sizes regulate themselves and become very difficult to get hold of if/when you do find traction, etc philosophically, this is a much deeper rabbit hole, but there is absolutely no way (if crypto is a remotely successful idea) that the digital art world is not made up of trillions of objects in the very near term - as an artist practicing on the internet your job is to build a network, ship objects that connect people to you and to each other - proxies for taste, values, interests etc. a few dozen or hundred objects is playing on ultra hard mode, skeuomorphic and ancient there are a few people who can build a career off serving a handful of wealthy patrons and fair play to them, but the entire tech stack here enables the exact opposite no secret that we (@jalil_eth) and I have made things that directly contradict what I'm saying above, and I'm not speaking for him here either, but this is not a zero sum game, experiment, use different products/protocols for different reasons, put your hypothesis into product form and ship it - composability is a core principle of crypto, if you provide a good product or service, you should get paid proportionately one other point on the broader criticisms of lower cost protocols, the expectation that everyone who participates is going to make their full living off this stuff is and always has been mental, does not apply in another other field and of course never will here, getting paid to make art is an enormous privilege (that I fully recognize I have been lucky enough to stumble into for however long people care about what I think or make, and I am enormously grateful for it) does this mean I agree/endorse everything the team does or says in perpetuity, no it does not, I also have zero ownership in the platform itself, just a customer much more to say on it but hopefully that communicates my general pov