SHILL Issue 78

Section 2: Conclusion. Without royalties you essentially
make NFTs an entirely Web2 product. You pay
a centralized team once and then trust them to not
screw you over even though they have 0 incentive not
to. You stifle innovation. You remove 90% of use cases.
& NFTs suck
S3P2: Revenue Streams: The Meme This is quite
simple: There are no reliable revenue streams in this
ecosystem. As evidenced by Magic Eden losing 40% of
its market share in 6 months. Nobody knows where
NFTs are going — it is idiotic to stifle one of the major
innovations.
S3P2: “Revenue streams” are good — but they are not
a wholesale replacement for royalties. I’ve seen dozens
of pieces of tech made irrelevant in a matter of weeks
by another party. PMF doesn’t exist for more than a
month or two for most projects.
S3P3: A Broken Promise The promise of NFTs was a new
structure of project, which allowed for more flexibility.
Sometimes it was bad, but other times leads to innovation.
Section 3: Revenue Streams
1. NFTs are a Financial Media Asset
2. Revenue Streams: The Meme
3. The (now broken) Promise of NFTs.
S3P3: As we hire devs who do web2 implementations
on the blockchain, and strip away our innovative business
structure (via royalties).
Why would anyone care to make a serious business in
web3 outside of shilling to the hype monkeys, in lieu of
a web2 business?
Right around here you should see a “see more” button
to read the rest of the thread. Make sure ya click it.
S3P1: NFTs are tradable media assets. All major media
conglomerates have huge royalty income. Every commercial
you watch, every movie you see, every song
you listen to is paying royalties to someone, somewhere.
Without royalties NFTs become a worthless
financial asset.
SHILL Issue #78
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