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The bubble dying is the perfect opportunity to re-examine the technology and determine whether it is a suitable means of freeing artists and creators from the p

The bubble dying is the perfect opportunity to re-examine the technology and determine whether it is a suitable means of freeing artists and creators from the problematic revenue models of major tech platforms. I pointed to the artist omentejovem in another comment[1]. [1] https://foundation.app/collection/shapesncolors?sortOrder=DEFAULT https://foundation.app/collection/shapesncolors?sortOrder=DE...

mrtranscendence 4y ago
Let's say my bread and butter is making video essays. What do NFTs bring to the table that would make it so I don't have to rely on the revenue model of a major tech platform? Somebody has to host and serve my videos, and it's probably going to be a major tech platform. I could make an NFT that points to my video once it's hosted, I suppose, but I'm not sure that's a sustainable revenue stream ... I'm still going to want Patreon, merchandize, and video sponsorships.
- zeroclip 4y ago
  Hypothetically: if an audience is paying for your digital content or paying to support you on Patreon, they could instead pay for your content through crypto - if they are so willing and have it at their disposal. Aside from the lower fees you’d also be your own payment processor - more resistant to censorship, less platform lock-in, ability to self-host your content. Same applies to selling digital assets on Bandcamp or running a Kickstarter campaign. If your audience is unwilling to pay for your content or support you financially, and unwilling to pay a platform fee like with Netflix, then you might be stuck with monetizing through ads.
  - Nextgrid 4y ago
    But that’s merely cryptocurrencies, not NFT. What does NFT bring to the table that just using cryptocurrencies doesn’t?
    - zeroclip 4y ago
      In a Bandcamp-like platform, the NFT would be a proof of purchase. When a user purchases your digital NFT album, they can at any point sign a message to get a link to the MP3 or FLAC files. In a Patreon-like and Kickstarter-like platform the NFT might be used just the same, as a proof of purchase to access special content. Or, it could be used as a token or badge of appreciation, such as for being the first patron or a 1-year-continuous patron. The same way GitHub profiles show achievements and who the user is sponsoring. In digital art platforms NFT is as it is already being used: certification and scarcity. There’s other applications like streaming payments with vesting schedule: https://github.com/ourzora/faucets https://github.com/ourzora/faucets

mrtranscendence 4y ago

Let's say my bread and butter is making video essays. What do NFTs bring to the table that would make it so I don't have to rely on the revenue model of a major tech platform? Somebody has to host and serve my videos, and it's probably going to be a major tech platform. I could make an NFT that points to my video once it's hosted, I suppose, but I'm not sure that's a sustainable revenue stream ... I'm still going to want Patreon, merchandize, and video sponsorships.

zeroclip 4y ago
Hypothetically: if an audience is paying for your digital content or paying to support you on Patreon, they could instead pay for your content through crypto - if they are so willing and have it at their disposal. Aside from the lower fees you’d also be your own payment processor - more resistant to censorship, less platform lock-in, ability to self-host your content. Same applies to selling digital assets on Bandcamp or running a Kickstarter campaign. If your audience is unwilling to pay for your content or support you financially, and unwilling to pay a platform fee like with Netflix, then you might be stuck with monetizing through ads.
- Nextgrid 4y ago
  But that’s merely cryptocurrencies, not NFT. What does NFT bring to the table that just using cryptocurrencies doesn’t?
  - zeroclip 4y ago
    In a Bandcamp-like platform, the NFT would be a proof of purchase. When a user purchases your digital NFT album, they can at any point sign a message to get a link to the MP3 or FLAC files. In a Patreon-like and Kickstarter-like platform the NFT might be used just the same, as a proof of purchase to access special content. Or, it could be used as a token or badge of appreciation, such as for being the first patron or a 1-year-continuous patron. The same way GitHub profiles show achievements and who the user is sponsoring. In digital art platforms NFT is as it is already being used: certification and scarcity. There’s other applications like streaming payments with vesting schedule: https://github.com/ourzora/faucets https://github.com/ourzora/faucets