Christina@christina·Mar 29

What do people think about this LIP to turn on fees for free collects put forward by @levychain

github.com/lens-protocol/LIPs/pull/51

My POV:

Small fees appear to be commonplace among the majority of web3 minting platforms

This opens up additional avenues for monetization for creators, applications, and protocols

Although there may be some decrease in demand (because of small payment), increased
monetization could contribute to maintaining the posting of high-quality content as collectibles

This is a pretty groundbreaking stat:

With Ethereum's price at $ 4,000, if you had applied protocol fees to free collects it would translate to approximately $ 12.3M over the last 12-18 months on Lens.

< If we consider a model where creators receive half of these fees as part of their incentive and reward for content creation, this arrangement would yield creator earnings of around $ 6M.

Dare I say it, fee could also be in $BONSAI or currency of choice.

Please comment in the LIP if you feel strongly on this.