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Key takeaways from NFTs and a Thousand True Fans

Non-fungible tokens offer fundamentally better economics for creators by removing rent-seeking, enabling granular pricing, and reducing customer acquisition costs. Open at source

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To be a successful creator you don’t need millions. You don’t need millions of dollars or millions of customers, millions of clients or millions of fans. To make a living as a craftsperson, photographer, musician, designer, author, animator, app maker, entrepreneur, or inventor you need only thousands of true fans. A true fan is defined as a fan that will buy anything you produce. These diehard fans will drive 200 miles to see you sing; they will buy the hardback and paperback and audible versions of your book; they will purchase your next figurine sight unseen; they will pay for the “best-of” DVD version of your free YouTube channel; they will come to your chef’s table once a month.
On Substack, 1,000 newsletter subscribers paying $10/month nets over $100K/year to the writer.
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