3 ms·
> To put it simply: In the traditional publishing world, an author has to sell 42,000 copies of their book at $15 apiece to earn $100,000. Using the creator eco
by ShamelessC 5y ago
> To put it simply: In the traditional publishing world, an author has to sell 42,000 copies of their book at $15 apiece to earn $100,000. Using the creator economy, an author has to sell 1,000 subscriptions at $9/month to earn $100,000. In the web3 world, an author only has to sell one NFT to earn $100,000.
This reads like a scam. Enticing people to "win the lottery" so that more liquidity enters the system and the major players can cash out.
> In this way, purchasing an NFT is like low-stakes angel investing. You might not have $1.2 million to pour into a startup you’re interested in getting off the ground, but you might have $200 to invest in a piece of art. And if the art you fund becomes successful, then your stake in it goes up in value and your $200 could turn into $2,000, or even $20,000. Not only that, but it is totally within your power to increase its value.
Same thing going on here.
- throwawayffffas 5y agoExactly my thoughts as well, the only words that came to my mind when reading this was "Reverse Funnel Scheme". What really gets me is the lack of self awareness the article displays, it reads to me as if it's written in earnest, as if it's not realizing the thing they are describing is a scam.