NFTs and stand-up comedy
The stand-up comedy space presents an interesting case for the inclusion of NFT technology. As is with most performance art, an artists ability to earn is heavily dependent on ticket sales. This model leave the artist at the mercy of bookers/venues who also need their cut. This works fine if you’re someone people are already paying to see, but low attendance numbers can lead to situations where artists work for free because there is simply not enough to pay them. This paradigm inevitably forces working artists onto over saturated web 2.0 content creation platforms because their actual art, their jokes, have no real value.
Tokenized, collectible jokes could allow stand-up comedy artists to sell their product directly to fans, potentially turning a low audience turnout into an opportunity to cultivate a loyal fan base. A simple compliment like, “Hey, I really liked your ‘x’ joke” could be met not just with a “Thanks” or “Follow me on ‘social media site’” but with a, “Would you like to support me by buying one?”
Artists could always hold the original joke asset, while a smart contract interface would be written to dispense future “editions” of each joke. This could be further gamified to allow artists to compete among each others for the title of top seller, and buyers to compete for the title of top collector.
I originally tried to leverage some of the platforms on Ethereum to accomplish something similar; creating some simple NFTs for my own jokes, but i was unable to find something that felt like a fit and not a pain in the ass to try to onboard users onto.
Since the covid-19 outbreak, live performances are almost non-existent. Now more than ever, artists need more opportunities to earn safely and OWB seemed like a good opportunity to share my idea with a community I believe is positioning itself to be a major player in the NFT game.
Thanks for the invite!