For digital fashion to take the lion’s share of the market, it could require a wave of young designers working exclusively with digital clothing to drive a shift in consumer habits. Karinna Nobbs, retail and marketing strategist, says that “although adoption of a digital attire is mainly viable in concept as opposed to practice, due to it being a n... See more
In addition, a paywall creates barriers to entry (and liquidity) on the marketplace. As a result, it is best used when having sufficient demand and supply (liquidity) does not automatically unlock transactions, i.e. marketplaces with very high transaction complexity. In other words, paywalls need both high complexity and high asymmetry.
People are excited about NFT royalties for the way that can benefit creators, but royalties aren’t specified in ERC-721, and it’s too late to change it, so OpenSea has its own way of configuring royalties that exists in web2 space. Iterating quickly on centralized platforms is already outpacing the distributed protocols and consolidating control in... See more
One of the interesting things about empowerment loops is that they come in different varieties. We can think of Nike’s empowerment loop as an inspiration loop. TikTok’s is a content loop. And Figma’s is a collaboration loop.