A few reasons I'm very excited about @zora's new protocol design:
• It makes released work feel perpetual: Some of my best music I haven't minted yet because it feels like you have to absolutely nail the primary mint, since after that it was effectively all over. With a liquidity pool coming online after mint, it feels like the market around the work exists forever.
• An onchain creator royalty that feels natural: Secondary royalties on NFTs were offchain and socially enforced, until they lost that social game. With LP fees pointed back to the creator, we are using an onchain royalty that is a natural and useful incentive mechanism within the uniswap protocol to point value to creators directly from their works' markets.
• Feels more fun: The added feeling that this work could light up into a valuable liquid market makes minting more exciting. Right now this excitement is at a fever pitch, but as this protocol upgrade settles into maturity, I think that feeling just becomes this added little spark to the experience.
chaim
• It makes released work feel perpetual: Some of my best music I haven't minted yet because it feels like you have to absolutely nail the primary mint, since after that it was effectively all over. With a liquidity pool coming online after mint, it feels like the market around the work exists forever.
• An onchain creator royalty that feels natural: Secondary royalties on NFTs were offchain and socially enforced, until they lost that social game. With LP fees pointed back to the creator, we are using an onchain royalty that is a natural and useful incentive mechanism within the uniswap protocol to point value to creators directly from their works' markets.
• Feels more fun: The added feeling that this work could light up into a valuable liquid market makes minting more exciting. Right now this excitement is at a fever pitch, but as this protocol upgrade settles into maturity, I think that feeling just becomes this added little spark to the experience.