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.
Conversation
Here’s the link to the “home page” on the auction on Foundation dot app. But our deal really lives entirely on the blockchain. Even if this site goes under and disappears, the contract lives on. 🤯
Click on the links that show you the raw records.
foundation.app/@eyecheng/~/10
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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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Second experiment. Again I got dragged in faster than I expected. I listed a jpeg from my art of gig project on OpenSea, another “site,” just to get a feel for the workflow. I want planning to sell it yet, but…
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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
love to watch this journey of yours. Small thing here -- you can just ignore offers, it's not actually "listed" for sale
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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.

