"We've noticed this model is actually more profitable in the long-term as it creates opportunities for anyone to come in whenever they want - without having to worry about there being no copies left or being priced out due to it being out of someone's budget" - coopahtroopa
It's a strong point that is also counter intuitive (at least to me, when i was first introduced to it). I kinda intentionally didn't get into pricing here because I think it's secondary to content but ultimately it's a pretty personal thing. from the artist side, being asked to lower your price or feeling market pressure to conform to a low price point can have deeper meaning than just the metrics. Price point can be symbolic of worth even if the data bears out that a lower price point will have higher overall revenue. The meaning of that revenue, in the form of one person's belief, has a different meaning than 10 people valuing the work differently.
I'll use John Henry as an example here - you buying this for 65 $fwb profoundly changed my life in a way that is difficult to measure. And that impact is uniquely linked to the fact that your bid felt like an important signal of belief to keep going. It was a powerful enough signal that it prompted me to quit UMG and eventually start working at FWB. Would minting a bunch of editions to different people have had the same impact? i doubt i would have gotten enough $fwb to join the discord this way and that would have had a major impact on my trajectory.
All this is to say that there are forces that are only visible from the artist side that transcend the data. You're objectively correct with the point you're making - the dune dashboard is pretty undeniable - but there are also metrics we don't measure on Dune that really matter.
It means the world to me to start having this conversation in long form onchain instead of on twitter. let's keep it going.
It's a strong point that is also counter intuitive (at least to me, when i was first introduced to it). I kinda intentionally didn't get into pricing here because I think it's secondary to content but ultimately it's a pretty personal thing. from the artist side, being asked to lower your price or feeling market pressure to conform to a low price point can have deeper meaning than just the metrics. Price point can be symbolic of worth even if the data bears out that a lower price point will have higher overall revenue. The meaning of that revenue, in the form of one person's belief, has a different meaning than 10 people valuing the work differently.
I'll use John Henry as an example here - you buying this for 65 $fwb profoundly changed my life in a way that is difficult to measure. And that impact is uniquely linked to the fact that your bid felt like an important signal of belief to keep going. It was a powerful enough signal that it prompted me to quit UMG and eventually start working at FWB. Would minting a bunch of editions to different people have had the same impact? i doubt i would have gotten enough $fwb to join the discord this way and that would have had a major impact on my trajectory.
All this is to say that there are forces that are only visible from the artist side that transcend the data. You're objectively correct with the point you're making - the dune dashboard is pretty undeniable - but there are also metrics we don't measure on Dune that really matter.
It means the world to me to start having this conversation in long form onchain instead of on twitter. let's keep it going.