Foundation is offlinex.com
Foundation is offline
by mishaderidder.eth12272 🥝11h
@rudxane1
@rudxane1

I’ve been trying to stay out of debates this past year, but I wanted to share some thoughts on the royalties discussion (Maybe i'm bored, maybe i'm inspired to do better). The idea of royalties, of shared upside, is a healthy one. An artist participating in the long-term value of their work can align incentives across the board. But the current implementation is flawed. A fixed percentage on every sale ignores the history of the asset. It doesn’t account for who took early risk or whether there was actually any upside; it turns into a flat transaction fee rather than a true sharing of gains. Part of the issue is that this is not an easy problem to solve. With multiple currencies, off-chain deals, and opaque transactions, it’s difficult to design a system that fairly tracks value without compromising the core principles of free ownership and transferability. But there’s a broader issue. Much of the ecosystem benefited from short-term gains and only started thinking about long-term structure once those gains disappeared. During the peak, we embraced ideas like autonomy and ownership, yet handed over critical control to platforms that optimized for their own incentives. OpenSea didn’t break the system. They operated within the power we collectively allowed them to have. We didn’t build alternatives that aligned with the ethos we claimed to value. I’d argue that a lot of artists who saw significant financial success never engaged with the underlying standards or proposals shaping this space. And if principles only matter when they benefit you, it’s not surprising when others act the same way. I've seen some positive things emerge recently, like @ripe0x releasing a self-owned auction contract as an alternative to platform auctions, and hope we can build an ecosystem that is excited again about building tools that benefit the full ecosystem. Not just build from our own perspective of needs but something that takes into account the full logic and principles of building on the world computer. I still believe building non-zero-sum systems is actually worth pursuing and I'll try to do better to add value wherever I can. world computer

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AI in World Machine Theoryvenkateshrao.com
AI in World Machine Theory
by mishaderidder.eth12272 🥝30m