SHILL Issue 78

S1P3:
1. You’ll get diluted. Why have a limited supply if they
can just keep selling you NFTs?
2. They’ll leave, there’s no incentive to stick around.
3. There’s no incentive to pump floor price except to
sell you more NFTs. 4. It’s just a kickstarter with extra
steps.
S2P1: ALL of the following industries use royalties in
a major capacity & without royalties NFTs have ZERO
potential to disrupt them: — Music (Live & Recorded)
— Video & Film — Art Licensing — Digital Art — Comics
— Audio & Podcasts — Publishing — Journalism —
Live Performance
S1P3: “Nikes don’t have royalties tho.” Yep, and they
make millions of shoes a year to sell to you, justified by
*some* of them having a decent resale price. NFTs also
don’t get dirty or break. They’re a durable asset with
provenance; value over time is best (royalties).
S2P2: Without royalties you won’t be able to onboard
many creators to Web3 whatsoever. The only thing
that has ever convinced any of my “normie” friends
that NFTs are good has been royalties: Art creates perpetual
value & for the first time in history artists can
capture it.
Section 2: Disruptive Potential
1. Disrupting Existing Industries
2. Onboarding Creators & Artists
3. Goodbye Grassroots
S2P2: The concept for a collection from an artist’s
perspective is that they can use the funds to create
something grandiose in scope. Participatory art on a
grand scale. This requires a team, teams require time,
time requires pay. No royalties, no pay overtime. DOA.
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SHILL Issue #78