The future of the fxhash economy

As a quick reminder, we’ve spent the last 8 months achieving some pretty big milestones:

• Rewrote a massive chunk of our stack to clear tech debt (helps us ship new features faster from now on)
• Built a fully reimagined new website and streamlined integration package (our new SDK)
• Designed and built simple, elegant custodial wallets (launching Q1 2025)
• Put together a new credit card payment solution (launching Q1 2025)
• …and many more improvements which will slowly be unveiled in the upcoming months

We’ve been pretty quiet while we built these QOL features, but it was also the opportunity for us to think seriously about the future of fxhash.

First, the onchain generative art market in its current state is not looking great:

• Many platforms fragmenting the value and attention of artists, their collections, and collectors
• Generative art markets are not very efficient: only a few amount of projects keep the attention of collectors over time, and trap value in the secondary markets that become illiquid during market slowdowns
• As the primary market becomes the only reliable source of income for artists, it creates a vicious cycle of artists releasing too much work, and collectors being overwhelmed with art

As a platform that aims to support artists in their creative journey and collectors in discovering life-changing art, we think there is a better way forward for everyone.

How can we create a better, more sustainable NFT economy for everyone resulting in higher quality art, happily engaged collectors, and more decentralized platforms? Let's take some inspiration from working models in crypto token economies, like memes, ai, and defi for example:

• Huge liquidity circulating in defi
• AI agent tokens put value to agent mindshare and attention economy
• Like ICOs, memecoin launchpads let us tokenize ideas - and yes, even art

These models have worked successfully for a while now, and not by accident. Huge liquidity is circulating in defi, almost none of which circles back to our ecosystem; something has been lost along the way in the promise NFTs offered to artists and collectors.

Existing NFT economic models are not it. Something has to change, and our next big idea will do just that. Here's what we're doing:

• Launching our token
• Become a launchpad for any artist to release their own token
• Create new economic loops between artists ↔ collectors that incentivize amazing art and long-term, sustained engagement between art market participants

What we aim with this system:

• Artists can tap into new, much bigger audiences of crypto investors/collectors
• Collectors have access to a much safer and more liquid vehicle to engage with their favorite artists, in novel ways
• Create new artist ↔ collector interactions, providing a framework for artists to build a stronger engaged community over time (the launchpad will offer a set of tooling allowing artists to provide unique mechanics to their token holders)
• Bring a new positive feedback loop, where the long-term success of an artist also benefits their early supporters in a more direct way

We’ll release more details about the economics very shortly: you can expect things to move fast on that front! In the meantime, we’re happy to start the discussion with you in our Discord.

ciphrd