By default, entries will be free to collect (just pay gas!) with a supply of 500. In web2, people engage with posts through “likes”. In web3, we believe “collect” is the new “like”. Collecting a scarce digital asset, like a collectable entry, is higher signal and has more weight than “likes” - which have infinite supply.
As you start your writing journey in web3, you can experiment with free collectable entries to focus on building your community of collectors. Free collectable entries reduce the friction for collecting and allows your readers to signal that they enjoyed your entry. You will be able to see your community of collectors in the entry byline and at the bottom of the entry. It hits a bit different knowing that these people took the time and energy to collect your work and that it will be immutably recorded on-chain.
Over time, as you build your community of collectors, you can experiment with different settings for pricing and supply. For most entries, you will probably want a relatively low price (less than 0.01 ETH) so you can make your entries accessible to collect and continue building your community. For your most precious entries, you may want to experiment with a higher price and very limited supply. This approach works well if you have a small group of superfans that are willing to pay extra for a limited edition collectable entry.
Our hope is that writers are able to experiment their way to a model that works best for them. Because of this, Mirror’s tools are flexible enough to support a range of different prices and total supply.
For a deeper dive into the philosophy behind collectable entries and why we believe collecting is such an important behavior, check out our announcement post.