I dunno if you saw, but Beeple is dropping his first piece of crypto art on Friday and I wouldn’t be surprised if he breaks the record on the highest priced NFT. That will more than likely trigger a bunch of other people to look into this “crypto thing”
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Personally, I'd like to see the art communities on HIVE turn into project incubators, and skill development groups.
So that the majority of the artist culture here is creating projects, which are leveraged on HIVE / FIAT, and ETH, and adapt with Monthly or Quarterly Project Cycles.
That way people would have collections, with compelling projects, that generate their own audiences, with multiple revenue streams, and use HIVE as a central hub for their blogging efforts.
If people can use @NFTShowroom to uniquely gamify engagement on these blogs, or feel a desire to post their collections there -- more power to them.
I've noticed that most of the income for the successful artists on HIVE comes from ETH.
.:.
Otherwise, I think it would be cool to have communities function as study groups, for people who don't yet have the skills to be able to monetize their studies through small scale project development.
.:.
IMO, just making stuff to make it, is going to be a privilege only accessible to a few established artists, or in the context of sideshow mechanics -- [like a sketchbook NFT Collection].
Making stuff and posting on HIVE just for the Reward Pool, is a weak practice, which only contributes toward economic decline, and if we onboard this next wave of hungry artists from DeviantArt, Etc, with the claim of "Come, we haz reward pool", It's not going to be good for them, or the price of HIVE.
However, if HIVE is a place of Industry / Project Incubation, and HIVE artists are doing cool shit, and maintaining innovative engagement in a changing environment of cryptoart -- then, I see those artists doing just fine, and also, I see new artists coming along, and seeing 'oh, this is how you do it."
That is a scenario where I see the price of HIVE going up, and the art communities here thriving.
Some people are already doing this to various extents -- but as far as I'm aware, it's not the norm.
I think that basically this iteration of Hive is pretty much done and we need to evolve to the next iteration with SMT’s. That way, an actual business model can be built into the tokens similar to LeoFinance. Ad revenue is used to buy tokens off the market, exchange fees are used to buy tokens off the market, every business venture’s revenue is used to buy tokens off the market so that community growth becomes correlated to the token price.
Hive and STEEM managed to gain value and ride crypto hype cycles because of that exclusively...hype. There is no business model and there can’t be as no one is in charge of HIVE. I suppose there could be if everyone agreed on something, but that has no chance of happening.
The way a community like OCA could leverage this would be similar to LEO, we create our own frontend and use ad revenue to buy tokens off the market, we could have a digital marketplace where people sell digital goods, and we take a fee and use it to buy tokens off the market. We provide premium features and for that take a cut of rewards, then use that to buy tokens off the market, etc. That along w normal hype cycles I think could work, but yea, we need SMTs.
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