Curriculum·Junior·J307
Digital Ownership and the Creator Economy
The royalty collapse, 2022 to 2024. The royalty standard, ERC-2981, says the payment must be voluntary, because a transfer does not always imply a sale, and that a marketplace which does not implement it pays nothing on secondary sales.
Lesson 1 opens on
The dappGambl survey, September 2023
A study published in September 2023 by dappGambl, using data from NFTScan and CoinMarketCap, examined 73,257 collections and found that 69,795 of them, slightly over 95 percent, had a market capitalization of zero ether. The authors estimated that over 23 million people held assets in that category. Only 21 percent of the collections had fully sold, 18 percent of even the top collections listed by CoinMarketCap had a floor price of zero, 41 percent of individual NFTs were priced between $5 and $100, and fewer than 1 percent were valued above $6,000.
The lessons
- J307-01The honest NFT retrospectiveState what the 2021 to 2023 cycle established and what it did notabout 32 min · opens on The dappGambl survey, September 2023
- J307-02DOT, not NFT, and why the distinction is load bearingState precisely what a token records and what it does notabout 30 min · opens on The FTX-hosted tokens, from November 2022
- J307-03Where non-fungibility actually works nowApply the disappearance test to any holding in this categoryabout 32 min · opens on Blankos Block Party and Champions Tactics
- J307-04How on-chain royalties really workExplain why a token contract cannot observe that a transfer was a saleabout 31 min · opens on The Operator Filter, November 2022 to February 2024
- J307-05Self-sovereign distribution, end to endEnumerate the six layers between a creator's work and their revenueabout 32 min · opens on OnlyFans, 19 to 25 August 2021
- J307-06Platform risk for creators, rankedExplain why a change that is trivial in aggregate can be total for an individualabout 32 min · opens on Spotify's monetization threshold, April 2024
- J307-07Issuance, pricing, and distributionExplain why a fixed price below the clearing price allocates by gas rather than by demandabout 43 min · opens on The Otherdeed mint, 30 April 2022
Labs
J307-L
For a real creator or business, enumerate every platform that stands between the work and the audience or the revenue. Rank each by what it can unilaterally take away, how much notice you would get, and what the exit costs. Then state which single dependency, if removed tomorrow, ends the business.