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Artist tokens, Community Owned Institutions and the Reliance Alliance with ZORA
🕑 Added 2020-10-15 21:10:38 +0000 UTCHi everyone!
This week we welcome Dee and Jacob from Zora, a new organisation that is building tools for artists to issue tokens around their creative practices.
We discuss their idea of dynamic pricing of art releases and at the advent of the musician RAC releasing his $RAC token through ZORA, the new space of artists and their audiences owning a stake in the value they interdependently create in the world. We also talk a tour around the very short history of artist token models, how these new tools are enabling financial literacy, what not to do, and what other potential models could emerge from this nascent era of collectively owned cultural institutions.
This was a really fun and optimistic conversation, and if you are interested to learn more about the project, be sure to check out http://ourzora.com or reach out to Dee or Jacob on twitter.
Have a great week and thanks again for your support!
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Comments
Mat
funny enough we actually use Zencastr, but results vary :)
Interesting episode (as usual!). I would love you to use something like Zencastr to avoid the telephony artifacts (.... and maybe you do in later episodes!). I feel somewhat conflicted about artist tokens and especially NFT's. You discuss many of the upsides but I wonder if the big downside is that they facilitate the creation of art as an investment opportunity .... rather than as art to be enjoyed by the masses. This is not new, as wealthy collectors have long been buying art and keeping it for their own viewing or worse still, putting it in a vault .... but doesn't this new model just encourage this sort of behaviour?
Mat
You certainly aren't alone on that front! I (Mat) also have many reservations on these topics, but as you said I don't think we get very far pretending that markets and other financial structures do not play a pivotal role in our lives. It is important to establish fluency even if the ultimate goal is to be more convicted in your opposition to such things (otherwise how does one know what their position is?). I think it is possible to be ideologically skeptical of capitalism in broad terms, and also be sober enough to recognise it is the dominant economic system of the global economy, and that even though one could argue that all capitalisms suffer from the same core problems, it is also true that more equitable forms of capitalism are undoubtedly preferable to less equitable forms, and perhaps even collectively push us closer to building something else long term. Our goal with this series is to have necessarily complex discussions about complex stuff, so I'm really glad you are getting a kick out of it :)
I'm not sure if I'm completely alone in this, but these “crypto finance” episodes are always very peculiarly fascinating to me. They kinda force me to confront my visceral dislike of the idea of introducing finance and money and all that jazz into even more parts of life, since these guys have such obvious, uh, *utopian energy*. I mean I can totally see that if you live in a world that's already completely eaten by markets you might want to build better ones! But I also really which we didn't have to! It's fun to think about. Thanks!
