RT @michlimlim@twitter.com

Life update: I moved to downtown Manhattan last month. My new room is tiny, so my housemates & I built a loft bed from raw lumber.

I wrote down the story of why and how we built it. Read for NYC apartment hunting and move-in shenanigans.

Excerpts below:
mirror.xyz/0xB40aF78de9e4f754D

🐦🔗: twitter.com/michlimlim/status/

You might’ve noticed that I posted this essay on @viamirror@twitter.com.

I wanted to evaluate whether to use it over Substack. Here’s my experience and what I learned.

1/9: Mirror’s a publishing platform like Medium but it helps writers monetize through non-subscription channels.

2/9:
Mirror allows all writers to publish their essays as NFTs just by clicking a checkbox and saving the article.

3/9:
When that was done, I saw that my post now had this section.

There is a button for readers to “Collect NFT”: where they get to buy an “Edition” of the essay. Top contributors are shown on the leadership board.

4/9:
This model is good because it allows writers to create an NFT without having to manage the technology themselves.

It allows them to sell articles individually instead of feeling pressure to constantly produce content.

Content is open to all and not behind a paywall.

5/9:
I haven’t tried this other feature yet but:

Mirror also enables writers to be paid before the work is done. Writers can crowdfund future works and supporters will get paid.

6/9:
On Substack, novel writers have to publish their work one chapter at a time. But Mirror lets them publish their whole work while monetizing the work in progress.

7/9:
One con is the ETH gas fees. I paid around $85 just to get the essay minted. There’s a monetary risk here that Substack doesn't have.

My supporters each paid $40 on top of the $40 edition they bought.

But this is just the way things are on ETH.

Follow

8/9:

Another thing: Mirror is still new and so it’s still mostly suited to crypto content.

You still need to “know crypto” to buy an NFT. That limits the monetization from non-crypto readers. It’s still not economically viable to post non-crypto content.

· · Mastodon Twitter Crossposter · 1 · 0 · 0

9/9:

That said, Mirror is incredibly easy to use. It has onboarded writers outside of tech.

As more writers monetize this way, selling essays via NFTs will become legitimate in the eyes of readers, just as Substack legitimized small subscription fees to writers’ blogs.

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