TL;DR
Crypto networks are so enticing as a result of they aren’t solely open, however owned by nobody; which suggests the principles of the sport are set – if you wish to construct on them, you are able to do so understanding that you just’re not going to have any curve balls (huge rule modifications) thrown at you.
10101.artwork is a market that sells fractional shares of artworks through NFTs.
The 10101.artwork crew have tapped into the Ethereum community, which has a month-to-month lively consumer base of ~12M folks. Some/most of that are more likely to:
Have cash on the community (within the type of ETH).
Have an curiosity in investing.
Be open to alternate property.
Full Story
“An open community, owned by nobody.”
That is a fairly daring idea when you consider it.
Certain, we’ve open networks like Instagram, TikTok, Twitter/X – they’re open within the sense that every is free to hitch/use – however they’re all owned by single entities.
Which implies these entities can change the principles of the sport, with a purpose to syphon worth from the pockets of their respective customers.
E.g. Again within the day, in case you had 1 million Instagram followers, there is a good likelihood you’d have the ability to attain most (if not all) of them with a single publish.
…if you wish to do this at the moment, you must pay up, trigger Zuck modified the principles of attain on IG (which he is properly inside his rights to do. He owns the community).
What makes crypto networks so enticing is:
They aren’t solely open, however owned by nobody.
Which implies the principles of the sport are set – if you wish to construct on them, you are able to do so understanding that you just’re not going to have any curve balls (huge rule modifications) thrown at you.
That is why everyone seems to be so bullish on blockchain know-how in the long run.
The idea is these open and permissionless blockchain networks will appeal to and swallow any/all new merchandise & providers that require networks to perform.
Take for instance 10101.artwork, which is a market that sells fractional shares of artworks through NFTs.
When you’re pondering “that sounds quite a bit like a crypto model of Masterworks,” we’re proper there with you!
This is the cool half:
The parents at Masterworks have had an enormous head begin!
They’ve amassed a base of 811k buyers, bought 300+ artworks (inc. Claude Monet, Andy Warhol, and Banksy), and presently handle $800M price of artwork property.
How do you compete with that??
Nicely, you would begin from scratch…
Or you would faucet into the Ethereum community, which has a month-to-month lively consumer base of ~12M folks. Some/most of that are more likely to:
Have cash on the community (within the type of ETH).
Have an curiosity in investing.
Be open to alternate property.
Which is precisely what the oldsters behind 10101.artwork are doing.
And may do reliably, with out permission from a 3rd get together – as a result of Ethereum is an open community, owned by nobody. It is fairly neat!
(And a roadmap different community companies are more likely to observe sooner or later!)
