Oceans of Wisdom

your valued contributions will be more valuable if you read the thread instead of just saying random words into it

see: all the art and photography DAOs

without any exceptions whatsoever

btw, all those people in 3-5 years will get bored of holding it and then will sell it

yes but this is not the problem i am trying to solve. people can get together to buy a 1/1 together without the 6529 network museum

and was like "oh this is not going to work"

and immediately felt: "absolutely nothing"

when I bought like some $ape

i know this in 2021

instead

do not want stupid fungible tokens

because people who want to own nfts

obviously this never works

fractionalization is dropping an erc-20 token

anyway my example was not fractionalization - it was a group buy

it is the example i wrote of "this won't work"

fractionalization is the case above - ten people own it and then sell it

so they are going to look cringe

i mean dmitri won't mind but they also won't be dmitri editions

ofc

i dont think we have the right ot make goose editions

if 100 of us get together to buy the goose for the museum

i odn't think it can be a straight edition of the underlying art as a general principle

just one ser

and the interesting question is "what is that shaped like"

similar concept to the meme card accession program

1/10

the most obvious idea is that they get each a special network museum collection NFT

what can we do

and so the idea that it was ever in the network museum is just imaginary

so if I want to keep the constraint that "we can't sell the foot pic and distribute the gains to the 10 people" because obviously in that case they just owned the foot pic

in fact they are arguably gaining

so the collector is not losing anything

is effectively "donating" their share to the other artists

and the reason meme cards work is the meme card proposer

obviously meme cards work because you get a meme card

i think neither of these two are going to work

2/ we spend $1M that we now no longer have, the rest of you give us a few likes on twitter and "thanks for the foot pics" and our children in 20 years when the foot pics are worth $50M are like WTF

1/ we but it but it is a collective ownership of it and we can sell it later when arsonic food paintings are next to rothkos and we will make $10M ok that is perfectly fine but then it is just 10 people who own an arsonic 1/1 - this is not the network museum

so let's talk about the two extremes that probably don't work

10 of us want to buy a $1M @[arsonic] grail anime foot painting for the Network Museum

let's work through this harder example

for example

into areas where we are not yet mature enough for this but it is useful to ask what would be mature enough and to work through it

now I am pushing into my unknown zone

all of the above items I mentioned until this are practical and doable and are pretty clear in my mind

I think if they just got their name on a smart contract it is not enough

people would at the margin, say "well, I prefer to buy for myself"

right now I think it is not feasible

"what would it take for 10 of us to each contribute $100K each and go buy x important pieces for the network museum"