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Let’s take learnings from my first 3 experiments. I’d been watching the scene idly and doing some mild heckling for a year, but wasn’t actually planning to do any experimenting until next year. But sucked me in early by listing me in a split for *his* first NFT auction.
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His piece sold for 8.25 ETH, but if you can tear your attention away from that or a minute… scroll down and click on “split” What’s a split? An automated cryptographically secured contract on the blockchain to split a flow of money to more than one destination address.
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Ian generously decided my modest role in the project the NFT was worth a cut, and 4.2% is his little joke because he knows I’m a Hitchhikers Guide fan. But interesting thing is… even if we turn into Deadly Enemies I *still* get the cut of future royalties from any resales.
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Even if the etherscan.io blockchain explorer site vanishes, the thing is STILL there. The only thing that can destroy the contract is the last ethereum node being shut down and getting thrown into the fires of Mount Doom.
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…apparently on Web3, merely listing a thing can mean it is de facto up for sale and I got a couple of offers within hours. It’s like how people sometimes ping me to try and buy my kool 3-letter Twitter handle, but systematic. So I said okay whatever trigger the auction.
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Sold for ~0.36E in a week-long auction. Afaict OpenSea is a bit like eBay and Foundation is a bit like a mix of Etsy and MoMA. But boundaries are blurred. All these markets kinda interoperate so things nominally minted in one place can show up in other places.
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But the wtf moment was: when I got myself a couple of .eth names from the ENS (Ethereum’s equivalent of DNS, more on that in a minute)… they *automatically* showed up on my OpenSea profile page like they were assets for sale, with “make an offer” buttons. I had to hide them!
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Replying to
this is perhaps my biggest issue with the technology -- the implication that the entire universe is a market and every conceivable thing in it is frictionlessly and implicitly for sale
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I don’t mind it. There’s a lot of baggage around the word “sale” but if you think of it as information flows, it’s more sensible and natural. Everything in the universe is in an info/entropy gradient with everything else. Money just reifies that gradient.
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