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26 Sep, 4 tweets, 2 min read
1/ Hyper-elite Chromie Squiggles resetting to their proper market price.

2/ If only there was some way to have known about this

πŸ˜‰

3/ Makes that XCOPY sale the steal of the month btw

4/ Exactly 2 months ago, out of 8 billion people on planet earth there was only 1 person who was willing to bet $200K ish that hyper elite squiggles were worth that type of money.

β€’ β€’ β€’

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More from @punk6529

6529 Profile picture
26 Sep
1/ OK, last NFT photography thread this weekend to try to consolidate a bit my thoughts on what we discussed.

I think it is important for me to share first my view of the medium-term future of photography NFTs because I think it makes a lot of the rest more clear
2/ My general view of photography NFTs circa 2025 is:

- Infinite collections
- Infinite artists (pros and advanced amateurs)
- Infinite very decent photography NFTs
- Average selling price: 0.00 ETH
- Average licensing revenue: $0.00
- Average print sales: Close to zero
3/ Photography already has tremendous supply.

The reason micro-stock sites exist is not because corporations are evil or something strange like that.

It is because there are an awful lot of pretty decent photographers who enjoy photography and will accept the marginal income
Read 22 tweets
6529 Profile picture
25 Sep
1/ OK so we have early poll results but with n=180, the final answer won't change much

First thing, apparently 14% of photographers are making hundreds of thousands per year in licensing revenue (I figure they must have at least 100 'good' photos).

They are OK, let' move on
2/ 63% of the photographers around here are earning <$1/year/photograph from commercial rights.

Which means 1ETH represents 3000+ years of commercial rights.

Another 16% are <$100 so 1ETH represents 30+ years of commercial rights
3/ So to put the experiment in another context, I am saying:

a) give one photo open-source to the world, to use, remix, maybe get your name out there. Pick whatever one you want

b) For 80% of you, I will compensate you 30 to 3,000 years worth of 'lost earnings' from that photo
Read 4 tweets
6529 Profile picture
25 Sep
1/ So my experiment on 'would you open source 1 piece from your collection' is going very well, confirming that a large percentage of NFT photographers have no idea why NFT collectors are collecting their work

Let's work through a specific example
2/ Yesterday, I collected this amazing photograph from @oveck for 8.5ETH (~$25,000)

As with all art, the default position is that @oveck holds the copyright and associated rights.

superrare.com/artwork-v2/%22…
3/ OK, so @oveck has those. What can @oveck use them for?

Well I guess could make prints and sell them to others.

OK, that is fine, but I am net bearish prints and net bullish NFTs in terms of growth in the coming years.
Read 8 tweets
6529 Profile picture
25 Sep
12/ The default approach for all art is that rights rest with the artist.

You do not as a collector get the commercial rights.

That is true for photography, gen art and 1/1s and everything
13/ My specific thesis is not that your rights are worth exactly 1ETH but that you are probably overvaluing the 'commercial rights' vs the NFT.

And this is true if you are in the 0.1, 1, 10 or 100ETH range
14/ I consider this relatively easier in photography because photography is relatively high volume output for most artists (I am flooded w collections) so you can test different models "not with your grails"

Save your grails for traditional approach or sell rights super high
Read 16 tweets
6529 Profile picture
25 Sep
1/ 🚨 Attention NFT Photographers 🚨

I think you are being too conservative in your transition to NFT-first value and I'm willing to do my part to help.

Too much concern about selling prints in a digital world, not enough experimentation with different rights models
2/ The shining exception to this is @cathsimard_ and her Free Hawaii Project where upon sale the rights were made available to the whole world

freehawaiiphoto.com/licence
3/ This is the most extreme model (but super interesting and thanks to @gmoneyNFT this experiment is a shining success).

There are other models: shared commercial rights with collector, assigned commercial rights to collector, not worrying about the prints, etc
Read 12 tweets
6529 Profile picture
22 Sep
1/ I just had a very nice time looking through @F_zhiani's classic minimalist B&W landscape photography collection

I love this type of austere photography (personal taste ofc)

I picked up 7 pieces & then had to stop

opensea.io/collection/min…
2/ Winter Life

opensea.io/assets/0x495f9…
3/ Hands

opensea.io/assets/0x495f9…
Read 9 tweets

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