Crowdfunding Writing With NFTs — Mirror

NFTs give us new tools to solve this problem — by representing previously infinitely-reproducible creative works as scarce, tradable digital assets. This means that artists can now sell a scarce digital asset representing an essay as a unique collectible or artwork, while the content itself remains open and freely accessible

Monetization of publicly accessible written content has never had a strong basis on the internet, since it suffers from the public goods problem. As publishing has moved online, funding for high-quality, long-form writing has broken down.

We imagine a world where writers on Mirror can publish an intention to research and produce high-quality writing, and receive crowdsourced funding. In this model, the contributors who fund the project also receive a stake in the future financial upside produced by the work, captured by subsequent sales of the NFT.