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A thread on why I think the dual auction model introduced by @FlowVersus will reshape how many artists will do future drops
In short, for the first time, collectors are the ones deciding the final drop model while the artist will always walk away with the best outcome
https://abs.twimg.com/emoji/v2/... draggable="false" alt="✨" title="Funken" aria-label="Emoji: Funken">
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In short, for the first time, collectors are the ones deciding the final drop model while the artist will always walk away with the best outcome
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1/" title="A thread on why I think the dual auction model introduced by @FlowVersus will reshape how many artists will do future dropsIn short, for the first time, collectors are the ones deciding the final drop model while the artist will always walk away with the best outcome https://abs.twimg.com/emoji/v2/... draggable="false" alt="✨" title="Funken" aria-label="Emoji: Funken">1/" class="img-responsive" style="max-width:100%;"/>
Till now, most artists had to make take a strategic decision upfront of either minting a unique piece (1/1) auction-style or do a limited set edition (/#) at a fixed price (excl open edit)
To make matters more complicated, when doing limited edition, pricing is always tricky
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To make matters more complicated, when doing limited edition, pricing is always tricky
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Even veteran artists have a hard time dealing with all these variables, least new creators attempting to join the crypto scene
This is where I think @FlowVersus& #39; dual auction model could be disruptive, a potential gateway for new artists and veterans alike
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This is where I think @FlowVersus& #39; dual auction model could be disruptive, a potential gateway for new artists and veterans alike
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At a high level, Versus allows artists to set up parallel competing offers between the unique and limited edition, where the side that receives the highest total value will be selected automatically as the model for that drop
While creative, the innovative parthttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">
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While creative, the innovative part
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4/" title="At a high level, Versus allows artists to set up parallel competing offers between the unique and limited edition, where the side that receives the highest total value will be selected automatically as the model for that dropWhile creative, the innovative part https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">4/" class="img-responsive" style="max-width:100%;"/>
What I personally think makes the whole model super interesting is how they also implemented the auction model for the limited edition side too
Collectors not only decide between unique and edition models, they actively bid on the value for each limited edition numberhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🤯" title="Explodierender Kopf" aria-label="Emoji: Explodierender Kopf">
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Collectors not only decide between unique and edition models, they actively bid on the value for each limited edition number
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5/" title="What I personally think makes the whole model super interesting is how they also implemented the auction model for the limited edition side tooCollectors not only decide between unique and edition models, they actively bid on the value for each limited edition numberhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🤯" title="Explodierender Kopf" aria-label="Emoji: Explodierender Kopf">5/" class="img-responsive" style="max-width:100%;"/>
Versus doesn& #39;t only save artists the headache of having to choose beforehand which path to take, but it removes also the dilemma of pricing the edition side properly
The cherry on the cake? Their platform is serverless, fully non-custodialhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🤓" title="Nerd-Gesicht" aria-label="Emoji: Nerd-Gesicht"> So many integration possibilitieshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Augen" aria-label="Emoji: Augen">
The cherry on the cake? Their platform is serverless, fully non-custodial
So many integration possibilitieshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Augen" aria-label="Emoji: Augen">" title="Versus doesn& #39;t only save artists the headache of having to choose beforehand which path to take, but it removes also the dilemma of pricing the edition side properlyThe cherry on the cake? Their platform is serverless, fully non-custodial https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤓" title="Nerd-Gesicht" aria-label="Emoji: Nerd-Gesicht"> So many integration possibilitieshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Augen" aria-label="Emoji: Augen">" class="img-responsive" style="max-width:100%;"/>
Learn more about Versus https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten"> https://www.onflow.org/post/partner-spotlight-versus">https://www.onflow.org/post/part...
