
A conversation with fxhash: Ciphrd and Cosimo break down Open-form, $FXH, art coins and the importance of an open platform
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Jamie, Ivan and Leyla sit down with Ciphrd and Cosimo from fxhash to explore their new Open-form protocol, the launch of the $FXH token and how the two platforms differ in their approaches.
00:50 - Welcome Ciphrd and Cosimo
03:17 - Digging into art coins
09:50 - Token mechanics and pricing mechanisms
12:08 - A new method of patronage
17:25 - Speculation and new market participants
21:02 - The thinking behind the model
27:26 - Open-form generative art
29:55 - Balancing speculation with long-term attention
37:40 - Creating sustainability through innovation
40:03 - How $FXH powers the ecosystem
44:20 - Large scale releases and algorithmic evolution
50:40 - The community reception
53:50 - Onboarding artists to the new system
57:45 - Amplifying artists, collections and catching momentum
01:03:20 - Shifting collector mentality around value
01:10:24 - The mental cost of a pivot and the birth of Open-form
01:13:15 - The difference in connecting with a smaller or larger series
01:21:58 - An open versus a curated platform model
01:29:31- A symbiotic platform dynamic
01:31:28 - The power of web3's means of distribution
01:34:40 - Accessibility, scale, and the network effects of attention
01:41:39 - Defining success and sustainability in a new paradigm
01:46:55 - The value proposition of a curated platform
01:51:35 - A multi-model art market
01:53:10 - A points-based allow list
01:50:01 - Creating a cultural counter point to the traditional art market
02:02:15 - A holistic approach to platforms across the space