Waiting To Be Signed · interviews on generative art, on-chain
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Interview // SEP 2023

SimonSays

Title: Helping Artists Achieve Their Goals
Role: Generative artist
Platform: Art Blocks
Duration: 1h 4m
Hosts: Will & Trinity
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#044 · Helping Artists Achieve Their Goals
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Will: All right, hello and welcome everyone to another episode of Waiting to Be Signed, a special interview episode. I'm joined today by SimonSays, who you probably know from Discord or from Twitter. Simon, we wanted to have you on because you recently became a business manager and agent for artists, a couple of whom we know and probably a lot of people who listen to the show have collected from. So I thought it'd be cool to have you on, get your perspective on the market, and learn more about what you do. How's it going?

SimonSays: Doing pretty well. We're at the tail end of summer, which as a parent with young kids has its own special valence — it's the end of that period, and also the end of formal childcare, at least during the day.

Will: Is it bittersweet as the kids get ready to go back to school, but then also you get all that time back?

SimonSays: A friend described these last two weeks of summer as perpetually five o'clock on a Sunday. Feels about right.

Will: Mine is only 18 months, so we're not quite at school age yet, but I can already see what the future holds — when she's four or five and going off to school, and the house is suddenly quiet.

SimonSays: We're at three and seven, and right now we also have my eight-year-old nephew visiting.

Will: Full house.

SimonSays: Full house indeed.

Will: Well, Simon, for people who might not know you, maybe you can give us a bit of your background in art, NFTs, and collecting — how you got into crypto and NFTs in the first place, and what crossed you over into generative art.

SimonSays: I'm one of those folks who came around a smidge in '17 and then didn't really tune back in until 2021. I bought a bit of ETH on a lark in 2017 — it never left Coinbase. I saw a number go up, saw a number go down, then ignored it for three or four years. I didn't even really know what I was buying; someone said I should buy some ETH, so I figured I'd trust their opinion.

In '21 I started paying a lot more attention. A few things converged: I was winding down a business venture I'd been working on for a while, so I was primed to be looking for something new, and I also had a bit of investment capital from something else that had happened. As I tuned back in, it seemed like things were really starting to take off, so I went in further.

I spent a while in DeFi bullshit land — not because I think all DeFi is bullshit, quite the opposite, but that's just where I was spending my time. Liquidity farming on Polygon, that kind of wizzy-wuzzy, fugazi-fugazi, where's-the-money-coming-from stuff. I was on the ETH Trader and ETH Finance subreddits a lot, and at some point Art Blocks pierced my bubble. I looked into it more, and the penny dropped. Everything I'd heard about NFTs before that point hadn't grabbed me — nothing made me think it wasn't a scam. I existed in the mainstream information flow where everything is a scam, so it took a while to pierce through. Then I thought, "Oh, art made with code — this is really interesting." There was a lot of stuff that was freaking gorgeous, and on top of that, it made intuitive sense why it had such a natural home on the blockchain, tokenized and all.

From there it was a rapid process — the Alice in Wonderland, falling-through-the-looking-glass GIF, down, down, down the rabbit hole. That summer I systematically liquidated all my DeFi positions to buy more JPEGs as I got deeper into it. I came in when everything was hot and was making some crazy money with it, which all totally vanished and left me with a big tax bill. But I really fell in love with the art being produced and the community that was building up. Grailers sprang up a few months into that journey, and I was involved pretty early on — it really felt like I'd found my people. I loved having such a close personal connection with the art I was collecting.

Art has been part of my life in various ways over time. My wife is an art historian with a PhD and works at a major museum, so there's always been engagement with the art world, art criticism, and theory through her — reading her papers through grad school and so on. I was brought up to appreciate art; we'd always go to art museums when traveling. My family always had a fair bit of notable art on the walls because my grandfather ran an art supply company in Philadelphia his whole life, and a lot of artists paid him in art when they were short on cash. So my family punches above its weight in terms of art on the walls, and that's been true throughout my memory. So there was already some resonance there, combined with this totally new space that I just fell in love with.

Ori — James Merrill

Will: That's awesome — very similar to our own stories of finding generative art through NFTs and having that become the catalyst for a renewed enjoyment of art, collecting, and learning. It seems to be a common story for those of us lucky enough to cross over to the art side. A lot of people get stuck on the PFP side and never move beyond it, unfortunately.

SimonSays: I'll admit, mea culpa, the first NFT mint I really did was Stoner Cats. That was the first thing that pierced my bubble. It was fun trying to do the mint and figure it all out, but ultimately it just seemed stupid. Finding the Art Blocks stuff was like, "Oh — it doesn't have to be dumb. There's actually some substance to this, and some reason why I'd want to hold it."

Will: So you joined Grailers, and you're also a Tender member. Was it that early involvement in Grailers that introduced you to different artists and got you thinking there might be an opportunity to work with them in a professional capacity?

SimonSays: A little bit. My professional background is in strategic and organizational consulting, mostly for lefty advocacy and campaigning groups. I was a global consultant inside Greenpeace for several years, and worked with groups like Amnesty International and UNICEF through a nonprofit consulting entity afterward. That work was strategic planning — thinking about what goals a group has and how to achieve them — plus organizational development, leadership development, executive coaching, that kind of thing. A lot of it boiled down to: talk with people about what they're trying to achieve, help them think through how to best achieve it, and support them along the way.

That background, combined with building NFT expertise and generative art expertise in particular, are the two paths that led me to where I am now, working closely with artists. I have three clients I work with in a business manager, coach, and advisor type role: Zach Lieberman, Marcel Schwittlick, and Erik Frödin, whose artist name is Efdot. I began working with Zach and Marcel in January and with Efdot in April, all this year.

Zach and Marcel came about somewhat by happenstance — by putting it out into the world. Last year I was working for a platform called Crypto for Charity, which does what it says on the tin: helps people donate crypto assets to charity. It still exists as a product, but the budget for outreach no longer made sense after Terra/Luna collapsed in the spring and then FTX in the fall.

Ori — James Merrill

I'd been mulling the idea of supporting artists directly for a while. The closeness and proximity to artists is one of the things I love about this space, and I think working directly with people to help them achieve their goals is something I'm quite good at. I'd noticed artists making what seemed to me like mistakes at times — how and where they were releasing work — things that as a collector you'd look at and think, "I wouldn't have done it that way." But I also knew that artists have all kinds of goals that aren't necessarily about revenue maximization, or even about what collectors think is best, so I tried to hold that with some humility.

After the Crypto for Charity role wrapped up, I put out a tweet thread — I think it's still pinned — saying I was no longer with Crypto for Charity (I felt I owed people that, since I'd done a lot of outreach in that role), and that I'd been mulling a few ideas, one being whether I could usefully support artists in thinking through release strategies, given my background. I said to hit me up if interested, and a few people did. Some were great artists I like, but ultimately what they needed was more like magic pixie dust sprinkled on their careers to help them succeed — which isn't really what I have to offer. I had to respectfully decline those.

But two of the people who reached out were Zach and Marcel, both artists whose work I'd collected and whose output I respect tremendously, and both people I'd corresponded with before, in person or remotely. I'd actually met Zach at the Bright Moments Mexico event, which I attended with my daughter — we both went to a workshop he ran. Marcel I'd chatted with over DMs before, both as a collector and just reaching out to be helpful on some small thing. They both said, "This sounds interesting, let's chat," and here we are.

Erik came about through an introduction from a mutual friend, also a creative coder. Efdot's career and output so far have primarily been digital painting and illustration — one-of-ones and editions — but he's also working on systematizing a series into a generative collection with the help of that mutual friend. We were put in touch in April and have been working together since. I didn't have much of Erik's work before we started working together — just one edition piece, which was my primary exposure to him — but I think his style is really nice and very identifiable, which is a real asset. I've been excited to work with him too, and to keep thinking about how he crosses over into generative work.

Will: I think we're in huge agreement on the WTBS side. Throughout last year and even into this year, we've watched artists overcommit themselves to a bunch of new platforms with who knows who behind them — suddenly they have five drops in five weeks on five different chains, scattershot everywhere. But I don't think of Marcel and Zach as having that problem. Zach is very deliberate, and Marcel's process is driven by his ability to create physicals and use his machines. I'm not as familiar with Efdot, but none of the three seem to overproduce work or make mistakes about where they land it. So what are the types of things you do for these folks in this business manager role? You said before that artists sometimes have goals that differ from what collectors expect or want from them — what are you doing to help them achieve those goals, and what are those goals typically?

SimonSays: It starts from first principles: a conversation about what your goals actually are. That's not necessarily a concrete thought exercise every artist has gone through — a lot of people get caught up in the momentum of things, and it's like, "My goal is to release more cool shit." Okay, sure, but let's get more concrete. What are you actually hoping to accomplish? Maybe it's "figure out a way to make a living from this" — that's a reasonable goal. It might not be "I want to be in MoMA," and even if it is, I'm not sure I'm the person to get you all the way there.

Ori — James Merrill

But it starts with the question of what the goals are. And often, honestly, it's also a question of why we're even having the conversation. There's an event model I really enjoy: participant-led, small groups. Everyone comes to a conference to talk about some broad topic, but then there are fifteen different things going on at once, and people vote with their feet. Whenever I'm facilitating a conversation like that, I start with, "Why are you here? What brought you to this particular session?" When someone reaches out to me about a potential business relationship, that's always where I begin too — what's going on in your career right now that led you to want to have this conversation? And we're in such a different moment than we were in January, in so many ways. Some of that points to less overwhelm, because the market's so much slower. But the thing you're alluding to, with all the new platforms — in some ways there's even more of it. It feels like there are more entities fighting over an ever-smaller pie. For artists who are in demand, there's just a lot of "there's this thing, and this thing, and this thing, and I could do any of them or none of them — how am I supposed to vet all this?"

Or it's, "I really want to carve out mental space to hunker down and work on this bigger thing, but I've got all this inbound, and these little commissions I agreed to do, and other people asking me for things. Who's it okay to say no to? Who's it okay to say yes to, but in seven months?" If you're naturally an agreeable person — which I think describes a lot of artists in this space, especially given how much flattery is involved ("I love your work, we'd be so honored to do something with you," etc., etc.) — having someone who's a thought partner, who genuinely has your interests at heart, who can take the first pass at vetting a bunch of this stuff and asking around, is really valuable. There are artist backdoor whisper channels about different entities — you'll see people mention some Slack group or whatever in Tender and Grailers —

Will: And in DMs.

SimonSays: Right, people talk. But having someone who can ask around on your behalf, so you can focus on your art or other things, is really helpful for some people. Not everyone wants or needs that — some people genuinely enjoy the process themselves.

Will: I'm not sure how much of the show you've listened to, but starting around the middle of last year, we talked a lot about artists needing to say no to things — present company excepted, of course; we love it when they say yes to coming on the show. But that itself illustrates how yes-oriented and grateful and kind most of these artists are. They may have never heard of our show and they'll still say, "Yeah, of course I'll come on." There's that instinct of, "Someone's interested in my art, of course I want to talk to them."

Ori — James Merrill

SimonSays: Especially when you've been doing this a while as mostly a hobby, and suddenly people love your art. It's amazing — yes, I want to talk about it, yes, I want to release on your platform, yes, I want to get more art into more people's hands. What's not to say yes to?

Will: But there's an accumulation of yeses that happens. We've kept up relationships with a lot of artists we've had on the show, and you hear things like, "I committed to this and I don't want to do it anymore, I'm not excited about the project" — but they don't want to pull back either. I come from a brand background — I worked at HBO doing licensing for Game of Thrones — so I'm used to making deals and understanding what it means to give your IP, your brand, to someone else in exchange for money. That's the part I never hear from artists: "I'm doing this thing, I'm going to be in their third drop, someone asked me to be in this." And it's like, well, are they giving you anything in advance? Especially for a new platform — if you're in the first ten or twenty artists in their genesis cohort, you're doing so much more for them by putting your work there and legitimizing it than they're doing for you, since they don't have a community yet. It might be on a chain with barely any activity, or one that isn't used to collecting art. Do you think that's going to change? It feels like artists should be getting real guarantees, not just "this is exposure for you" or "you get to be first."

SimonSays: That's something I try to dig into in these conversations: what is the actual benefit here? Why should we work with you instead of someone else, or not at all? Different artists are in very different positions with different constraints — some need the money, some don't; some have a bunch of collections ready to go, some don't; some want to try new platforms and take that risk, some don't. How those variables shake out for any given person varies a lot, which is a diplomatic way of saying I agree with you.

Moving slightly away from generative art — Efdot does a lot of physical art, often large-scale paintings, and then makes a digital piece inspired by the physical one. He had four pieces from an artist residency in Mexico last year that he turned into digital editions, and we had to figure out how best to release them. We'd been talking with Transient about some things they had cooking, and we ultimately decided to release with them because they bring something real to the table — they have collectors who buy things specifically because Transient does interesting work. We knew releasing with them would tap into an additional audience and community. With some other platforms we'd talked to, that value proposition was much less clear.

It's a tricky moment with this glut of new platforms. They're all staffed by, as far as I can tell, well-meaning people who are genuinely interested in the space and see a real unique selling proposition for their platform. But from a collector's perspective, it's overwhelming, and from an artist's perspective too — why this platform versus that one versus that one? So it comes down to: who do we think is going to still be around, and who's actually bringing something to the table? It might not be money, since not everyone has venture funding to backstop artists, and even some who do are less inclined to use it that way. There needs to be a real answer to "what are you bringing to the table?" — because, as you said, it's often the case that the artist is doing a lot more than the platform in that value equation.

I've also heard — nothing verified, but heard tell — of shadier operators telling artists, "We've already got so-and-so signed up," and then you ask that person and they say, "They DM'd me, but I haven't agreed to anything."

Ori — James Merrill

Will: I've heard that too. We won't name names, but I've heard it.

SimonSays: Which is not great. And you see the difference in how releases are handled — some go really well, and some feel more like cash grabs. That affects the decision about whether to work with a platform going forward.

Will: Taking the platform's brand into account is going to be difficult for artists, I think, because so many new platforms this year have pitched themselves as open platforms — tools for artists, own your contract, put up whatever you want, no gatekeeping. But — and maybe this is a good transition into talking about the bear market — it feels like there's a lot less demand for that right now. People don't seem as interested in digging through a hundred new projects a week from artists they don't know, looking for the next big thing, as they are in going to an Art Blocks, a Verse, or a Tonic and buying with confidence — this is an artist with great work, well collected, on a platform that's well curated, that comes with bells and whistles like a physical piece. What's the vibe, from talking to your three clients, or other artists you might work with — where do open platforms stand in the current market?

SimonSays: There's a need for us to evolve the way we think and talk about releases. I know this runs against the whole decentralized ethos of crypto, but not everything is like everything else. Right now — it's Wednesday the 23rd as we're recording — we're in the midst of the Highlight on-chain summer releases from Melissa Wiederrecht, James Merrill, Holger Lippmann, and Leander Herzog. Those are all great — I minted a few this morning, and I like all four series. Melissa's especially is really interesting and thought-provoking. But when we're talking about 10,000, 20,000-plus mints at $9 a pop, that can't exist in the same headspace as Take Wing, or Melissa's Take Root series on Verse — finely crafted series of ten beautiful pieces that are still mind-blowing to me. Or Ori versus James Merrill's His End on Highlight.

Take Root — Melissa Wiederrecht

In the physical art world, you've got everything from mass-produced posters to signed edition posters, to large edition prints, to monotypes, to lithographs, to edition lithographs, all the way up to small paintings and big paintings. All of those exist at very different points along a price and demand spectrum. I think the open platforms are great, but they'll tend to point much more toward the mass-produced-poster end of that spectrum. I don't know how we get to a place where we have a good way to distinguish those things.

Will: Yeah.

SimonSays: The chain is part of it — being on an L2 indicates that a little bit, but not entirely. There's plenty of stuff on fx(hash) and on Tezos that we think of as just as precious as anything on Ethereum. But that feels to me like where the open platforms will ultimately thrive, if they do: finding that market niche. It's great that options like that exist, but I can't imagine too many of them surviving. You're right that the vast majority of pieces that get minted will flounder in obscurity, just because there's not the demand or the liquidity. I used to hawk the fx(hash) incoming feed — "oh, this is cool for $4, I'll mint five." I don't have the liquidity for that anymore, and honestly I don't have the mental bandwidth for it either. My wallet's got enough of that kind of art in it. That's a reductive, kind of obnoxious thing to say, but I don't think I'm alone in that feeling. I've got a lot of art that's nice but isn't more than that. So I don't hawk it the same way anymore — I mint when something feels super special.

Ori — James Merrill

Will: I have two views on what you just said. First, on the Coinbase, Base, and Highlight side of things — I think it's a bit chicken-and-egg. If the goal is to bring really well-respected artists to people already in the space, and also recreate that first-time-seeing-Art-Blocks feeling for casual crypto users who only dabble in ETH and Bitcoin and keep it all on Coinbase, that's a good idea. We need more people taking shots like that. Whether it'll be effective remains to be seen. And I think the L2 thing creates a natural barrier. I understand the motivation — you want transaction costs low so prices can be low — but asking people to convert ETH to wrapped ETH, install MetaMask, flip through menus switching chains... it's not as simple as "it just costs less." You're adding steps, which means more friction, which means you lose people along the way. I don't know how many new users those projects will actually bring in. Holding judgment until we see.

SimonSays: I'd love to see stats on crypto versus credit card payments. Everything I minted, I bought with a credit card.

Will: That's a huge thing. Although I've heard anecdotally that pieces bought with credit card aren't minting or showing up properly — some issues there.

SimonSays: That's not true in my experience. I connected my wallet, paid with a credit card, and the pieces showed up in my wallet.

Will: All right, sick — I'm gonna go buy some after this then.

SimonSays: I've had a couple calls with the Highlight folks, and it seems like a really good platform — they're building cool stuff. I haven't spoken with the Prohibition folks yet, but by all accounts it's the same there. It's tricky. To the flip side of your question: the folks I'm working with are generally looking for release partners for anything major.

Ori — James Merrill

Will: Right.

SimonSays: The ability to roll your own solo release certainly exists, but it's really hard to drive sufficient attention without putting in a ton of legwork. Who's going to be the hype person to make that happen becomes a tricky question. Different platforms bring different things to the table. Verse is wonderful, especially for illustrating the physical manifestations of these works — great for collectors, and artists love to see it too. Zach had a Verse solo a couple weeks ago; he talked about it with you on a previous Waiting to Be Signed.

Will: Yep.

SimonSays: I firmly believe the physical show they did in London led to better sale performance. People saw the cone gradients printed out — some in person, others saw photos or heard anecdotes on Discord from people who went and said, "holy shit, these look great." Even more so the videos — the colorblind studies — they did this really ambitious setup with huge, two-meter-by-two-meter LED screens.

the colorblind studies — Zach Lieberman

Will: Yeah.

SimonSays: A huge room with one on each side. Everyone who went was blown away, and they told stories of how amazing these were at scale on screen. That absolutely drove interest in the auctions and drove more people to participate at higher prices. If Zach had done all the same work and just released it on OBJKT, or an ETH version thereof, it wouldn't have done nearly as well.

Will: I agree. It's not just the social media piece — Verse and Zach were posting really nice close-up shots showing the detail in the printed outputs of the cone gradient studies, building excitement for people in the price range to bid. But the exhibit itself also tells everyone considering it that there's a team, the Verse team, so convicted in this that they're willing to put on a show like that.

the cone gradient studies — Zach Lieberman

SimonSays: Yeah.

Will: The conviction of getting the prints made, displayed, the two-meter graphical displays — all of that makes it feel like "this is really good" to more people than just me. Someone else is willing to spend money exhibiting it, and that creates a whole other impression for collectors. I wanted to jump to the fx(hash) collecting question too. Both of us, and a lot of people, have slowed down collecting on fx(hash) this year — not because we don't want to, but because it feels like there are no new artists coming into the ecosystem. It's like a closed circuit now: a lot of people you used to buy from for 5 tez at a time last year have moved on to Verse, Art Blocks, and other ETH stuff. You look in the queue and see the same three or four people posting their project of the day, but no one new who's wowing you. We've reached a cap on the size of the ecosystem. Maybe you see it differently — I wanted your take.

SimonSays: I buy that. I'm not watching the queue — between Tender and Grailers, if something cool drops, I'll hear about it. What winds up getting posted, I don't frequently find something I'm grabbed by. I don't mean to be an asshole to the new artists who've surely released amazing work in this period, but if I look at my Tezos wallet's recently received: I minted some Digits, some Ecologías A and B by Marcelo, a couple of Rebellions. Before that, the last fx(hash) thing I have is Reunion, the Tyler Boswell series from May. That's crazy compared to where I used to be. But it ratifies what you're saying — those are all established artists whose work I already own on both chains in multiple collections. I finally picked up a Pixel Rug a few weeks ago, which had been a glaring hole. I buy that read, but I don't know how much of it is real versus how much is just that there isn't enough attention on what's coming in because of the market moment — so new artists aren't getting noticed or picked up the same way.

Will: Maybe they come in, don't mint out, and just resign themselves to "well, I tried." I'm looking through my own recent collection now, inspired by this — I've got a bit more than you. There was an ItsGalo piece that was cool, the Ty Vek Ego Trilogy recently, Leander put out a piece a couple months back. So there's been some, but again, those are all names I already know. Of the stuff from names I didn't collect in 2022, I'm having a very hard time finding any in here.

SimonSays: Right. After the Reunion mints from Tyler, I went through a multi-month period of not buying anything — I was down to very little tez, then listed a bunch of stuff and had some sales. So when Rebellion came around, or when Marcelo released the Ecologia series, I had some tez lying around and figured, all right, I'll get some of these. Looking back at what I spent last year is bananas — where did that liquidity even come from? Now I've got maybe 2 ETH total liquid, and I bought a GM last year for ten times that.

Will: Yeah.

the cone gradient studies — Zach Lieberman

SimonSays: Not everyone's in that situation — different people have different income setups, different people played shitcoin season well. I didn't at all; the couple punts I made lost, though not a lot, I just didn't really play. Some people made a ton on Turbo or whatever. But in this liquidity-constrained environment, I feel much less set up to take flyers on new stuff, which I think is the mindset you need to help newer artists mint out.

Will: That's where being careful about where these artists release, or helping them choose, really matters — because liquidity is so tight. I ballparked Zach's Verse primary sales at around half a million, looking at the auctions and what the passes went for.

SimonSays: Not quite.

Will: I ballparked it at around $300,000 — maybe $150,000 out of each, though I didn't actually crunch the numbers. That's a big move. There's a lot of liquidity right now that wouldn't have been there a year and a half ago, but even so, that's a ton. So what else are you doing with the people you work with in this bear market? Opportunities to release like that are going to be few and far between. I know Zach, for example, works with Apple and Google and does other things outside the art world. Are you helping line up other revenue streams for people like him, or is it more about helping them take the one or two big swings they get and maximizing those?

Ori — James Merrill

SimonSays: A little more the latter, and not necessarily maximizing — I don't think the Zach Verse show was fully max-extracted. We definitely could have charged more on the mint passes and editions, but we wanted to make sure people felt like they were getting a deal. So it's not all about maximizing revenue. More broadly, it's about figuring out what the major moments are, creating space for them, and making sure they go well — but also about what happens in between.

Zach gets a fair number of commission requests, and galleries often want to show a piece of his alongside other work. There was a piece of his at the Christie's 3.0 show in July that sold, and things like that come up every now and again. Marcel has a bit of that flow too. Marcel's a fascinating artist — pretty unique in the space in terms of how connected his work is to physical objects.

Will: And uses, right? His whole collection of vintage machines.

SimonSays: Yeah, he uses these plotter machines. The vast majority of the NFTs he sells refer to a specific, unique physical art object. He hasn't done a digital-first, code-based, long-form series so far, which raises interesting questions about releasing a collection — it falls into a different mental bucket for a lot of people than an Art Blocks mint or an fx(hash) mint.

Ori — James Merrill

With Efdot, the non-generative, one-of-one edition side of the space is very different. It's been a learning curve for me — I've collected a fair bit in that world, but I'm not nearly as embedded in those communities. I'm on some Discords and Twitter chats, but I haven't gone nearly as deep. It's been interesting to go deeper and see how it all works, because it's a very different rhythm. If you're not selling at a really high level, you don't get the every-few-months major drop that covers your revenue for the year — that flow doesn't work. You need a much more frequent cadence: how are you doing the auctions, the editions, the pacing of releases, the marketing? How do you market yourself in a way that feels authentic and doesn't turn people off, but still gets the word out? You need to be in sales mode a lot more, which is hard for everyone involved, because ultimately you want to be talking about art, not the upcoming auction — but you kind of have to.

The bear market affects how we navigate all of this with each of them differently. It's responsive to market conditions and to their individual needs — balancing short-term and long-term, not wanting to push supply too far, but also making sure they're exploring and working on what they actually want to work on, not just producing whatever people keep asking for.

Will: Right — Marcel could just keep making those spirals and selling them all day, probably. There's a lot of demand for his earlier, colorful stuff. I'd personally love to get some of what he was selling around the end of last year.

SimonSays: You still can.

Will: At the price point, though, I missed a couple on Versum — that site was so janky it wasn't accepting my bids, and there were chances to get his stuff for like $100 in Tez, which is crazy. Using him as an example — maybe there's a release I haven't seen since, but the last one I'm familiar with was It Is What It Is, on Foundation. That's a do-it-yourself platform, no Verse doing the exhibit or the marketing push — all on you, the artist, or your team. I thought it was a really cool project, minted one, but it didn't sell out. Part of me thinks people wanted the cool, colorful plotted stuff, and he took a turn here. Mine's in the mail right now from Artfora. Is this where your role as a kind of business coach comes in — picking them up a bit, saying "it's okay"? To the extent you're comfortable talking about it, what was the postmortem like, both in your relationship with him and looking forward?

SimonSays: It was surprising to me too that it didn't sell out. We thought we'd priced it competitively — I was worried it would all go during the allowlist period.

Ori — James Merrill

Will: I actually had you mint mine for me because I was going to be flying.

SimonSays: In terms of my role after something like that — it really depends on the person. Marcel is quite mature about the idea of something not selling out immediately. He's been a practicing artist since long before NFTs, has shown in galleries, and is totally comfortable with the idea that you don't always sell 100 pieces in 20 minutes. They'll sell when they sell.

I think his work is conceptually rich — interesting and visually engaging, but weighted more toward the conceptual side, and that mix often struggles to break through in our current space, for any number of reasons. We know that, we've talked about it. But at the same time, I think it's incredible that you could get a unique luminogram made by Marcel in his studio for 0.25 ETH at mint. That was such a good deal.

As for the Foundation piece — Marcel had an open conversation with Foundation about doing a drop with them dating back to last year, before he and I were even working together. We'd been chatting on and off about what could be a good fit, and this came up. It's an open platform, but they choose what to promote, and they did a reasonable amount for it.

Ori — James Merrill

Will: Yeah, I noticed it got good featuring on the main page.

SimonSays: They did their best — there was a nice post, an interview with Marcel diving into the process and everything it references. There's a genuinely interesting question I don't have a perfect answer for: how do you make the case for something like that in a way that actually breaks through?

Before that drop, I had a bunch of conversations where I'd explain to people: this is what a luminogram is, this is the jerry-rigged, MacGyver setup Marcel figured out in his studio, this is the history behind it — it goes back to Gottfried Jaeger's idea of concrete photography and generative photography, all of that. And it's only 0.25 ETH, and it comes with the physical. Amazing, right? Everyone I walked through that process with was sold. But I felt like Mr. Shill in the weeks leading up to it, posting in different communities, trying to tell the story without being obnoxious about it. And afterward, so many people said, "Man, I had no idea." What more can you do? How do you pierce through? I don't know — that feels like the biggest challenge, especially for artists who are more on the conceptual side. There's certain art that just fits the zeitgeist perfectly, that collectors—

Will: We call it "the meta." It used to change almost every week; now I'm not even sure what the meta is, other than being a well-known artist people like and are eager to collect.

SimonSays: Sure, but to an extent, that's true — if you're not that, there's a real question of how you break through, though people can straddle both lines. Marcel has a tremendous amount of respect and admiration from collectors, and maybe even more from fellow artists, but his work doesn't always sell the way you'd expect. And there are interesting questions about whether the physical object helps or not.

I've heard from people the idea of "oh, I already have a couple of Marcel pieces, I don't need anything more on my wall." Well, do you stop at two for any other digital artist in your wallet? I get it, but on the other hand — you don't have to claim the physical.

Ori — James Merrill

Will: Speaking for myself, if you don't claim the physical, I'd be worried about my ability to claim it later. Not that I distrust Marcel specifically, but if it's an artist I don't have a DM-level relationship with, and I bought something with just an Artfora redemption link — I don't know anything about Artfora as a company. What happens if Artfora goes down? Are they warehousing it? Does the artist have to get it back? There are a lot of questions, a lot of concerns, around not claiming it.

And once you do claim it, if you don't have a spot for it, there's the question of how to store it properly — you wouldn't want a piece to degrade because you were careless. That means getting it framed and on the wall, which means talking to your partner about where it's going to go. As we call it on the show, the wife test — what passes goes on the wall, what fails goes into the office, and the office is very small.

So I think for people who are really invested in the art-only side of it, they care a lot about where they're going to display something. For people just thinking about flipping it in a year, probably less so — but they're probably not as attracted to these physical projects in the first place.

SimonSays: A few things jump out as interesting from that. One is just to note: generally speaking, ArtFora isn't warehousing any art that I'm aware of. They have a print-on-demand thing, but basically ArtFora is software that enables artists, or Verse, or whoever, to more easily do wallet and token ownership verification workflows for shipping art. All the unredeemed pieces are in Marcel's studio, in his possession. Same is true for a Verse project being shipped out, or whatever.

Will: I'm just coming up with a hypothetical scenario of a collector who might be worried.

SimonSays: For anyone listening — get a flat file cabinet. It totally changed my approach to associating physical prints with the tokens I own, because now I know I have somewhere safe for the long term to store anything I receive, and I can make decisions from there. There's a large piece I have framed from my initial flurry of collecting, when I was falling in love with everything and putting prints of it all up on the wall. It's a token I no longer own. I still like it, but there's a lot more I've received since that I like even more. I got Cory Haber's Atmospheres series print on Verse — signed print, top-10 thing — and it turns out it's the same size as the framed piece. So it's been sitting in my flat file cabinet for a few months, but eventually I'm going to take both to the framers and have them swap it out for about $80.

Ori — James Merrill

Will: Huge.

SimonSays: Right? I think there are all these interesting challenges around this. My understanding is that in the more traditional art-collecting world, people often get into it, buy a bunch of stuff, run out of space to put it, and then collecting really slows down. I think something similar happens in our space — we've been at it for a few years, we've got a lot of art now, our wallets are full. On the Tezos side especially, there are tokens in my wallet I couldn't tell you anything about, no real relationship to them — just from buying flurries of things because they seemed cool at the time. It adds up to this sense of, man, I've got a lot of stuff, and I've got to deal with it.

Will: It'll be interesting to see where that goes. In theory we're going to get out of this bear market eventually, and hopefully the next run brings renewed interest not just in crypto generally but specifically in art and NFTs. How are you planning, for yourself and for your artists, for that next boom, assuming it comes? Do you have a goal to sign more people, or are you waiting for the boom to grow the business? What's your medium- to long-term thinking?

SimonSays: My goal right now isn't to build a firm. I'm really enjoying the work I'm doing with artists, and building a firm necessarily means a lot more time spent on hiring, operations, marketing — stuff that's less attractive to me in terms of how I want to spend my day. There's one other artist I'm in frequent conversation with, and I'll help with a project or two coming up, but not as an ongoing thing, partly because they already have gallery representation. There are a couple of other folks I'm having conversations with, and one project I've done some advising on.

I'd love to have a few more clients in the way that Zach, Marcel, and Eric are clients — ongoing, regular, really building something together. But I don't want to rush that or get into a relationship with someone just to increase my revenue or client count. I want it to be a good fit, with people who see real need and value in what I'm doing — not just someone to act as an assistant. That takes time, word of mouth, foundational conversations where there's real chemistry.

I'd love to have those relationships in place before a bull market returns, so we can ride that wave together. But it's entirely plausible a lot of artists won't see the need for this until the money gets easy again and the hard part becomes attention and mental bandwidth. In the bear market, giving up a cut of earnings when you're barely making it isn't appealing — I get that. Still, I think a lot of what artists are releasing now could be the hidden gems of the next run — things people will covet having gotten more cheaply now. So it's about being conscientious about how, where, and when you release, and building a collector base that actually wants to hold your art. Collections won't appreciate over time if everyone's just a bag holder looking to exit the second there's renewed attention and liquidity. How do we construct things so people are getting in from a good place, looking to go on that journey with us?

Ori — James Merrill

Will: That's the paradox. It feels like we don't just need new people — we need new people with more earnestness, not just speculators. So many people came to this space from a purely speculative standpoint, myself included when I first started. Those were the days you could mint something on fx(hash) and it would 100x in a day. It felt so simple back then. It takes everything slowing down — and doing things like making this show — to get more invested in the greater scene and what's actually going on here. Big open question for the future.

I guess to finish up — a couple of rapid-fire questions, though this one might get a long answer. The way you're compensated — some agreed percentage as your cut for the work you do — I get the sense you're very good at this job, but how do you balance the incentive to say yes with the job of sometimes saying no? That's got to be difficult, especially if this is your full-time thing — actually, I never asked if it is your full-time thing. Ultimately you need people releasing work for you to get paid, but artists won't work with you if they don't trust you to keep their best interests in mind regardless of your own cut. How do you think about that? Or is it as simple as: I love these artists, I want what's best for them, and I trust my compensation will follow from that?

SimonSays: It really is the latter. I try to approach things from an abundance mindset — what are their goals, and if I help them achieve those goals, it'll all work out. When I started moving this forward in January, it was a different market, and my projections for earnings were rosier than reality has turned out to be, frankly. But counseling Zach or Marcel to do something extra that I didn't actually have conviction in would be so dumb. It's such a privilege to work with these guys and help them achieve their goals that there's no part of me tempted to do that, ever. I'd far sooner pick up consulting work on the side from my old world — campaign work, facilitation gigs for nonprofits — if I needed a short-term bridge. Actually, I'm chatting with a former client right now about running a retreat for them in October for a couple of days, to bring in some extra money.

There's certainly privilege in this too — I have enough savings that I'm not worried about rent in any given month. I've never been tempted to counsel something I don't believe makes sense. There have been times in conversation where it's like, "you could do this, it might be fine, but you're already pretty busy — if it really resonates with you, it wouldn't be the end of the world, but I probably wouldn't." I can be transparent about that: "if you want extra money, this could work," while being honest about my own view.

It's pretty remarkable to me that when I put out into the world that I was thinking about this, Zach and Marcel specifically were the ones who reached out. And getting looped in with Efdot has been excellent too.

Will: Huge congrats, honestly. I'd have thought Zach already had representation, given the level he plays at. And just — hooking yourself up with genuinely great artists, being able to say "I represent these three, take a look at their stuff," as a fan of theirs — that's got to feel great. Not a gotcha question, by the way — I'd thought about doing something similar myself at the end of last year, around the same time, and immediately my business brain went: I don't want to be in a situation where doing my job well means I'm not making money. Because I'd been hearing so much from artists about all the outreach they were getting from platforms, DAOs, groups, and so on.

Ori — James Merrill

SimonSays: For any artists listening — feel free to reach out. Happy to chat, happy to have informal one-off conversations if it's helpful, happy to be an active member of the whisper networks.

Will: One last one: other than the artists you represent, who would you like to hear us interview on the show? We've already interviewed one of the three you represent, but who else in the ecosystem?

SimonSays: Have you had Jonas Lund on, TheFunnyGuys?

Will: We've tried, but he doesn't want to do voice. Now that Le Random is up, I think we'll get to him eventually.

SimonSays: You should. Also — not sure how much you'd want to go this route, but there's a Vera Molnar scholar I've met, Sophie Valinach, who just finished her PhD at the University of Chicago. I think it'd be fascinating to talk with her about the space from more of an academic perspective. I would love to hear from the curator at LACMA who did the Coded show — I'm sure she was involved in accepting that big, high-profile gift from Cosimo and others. It'd be fascinating to hear from her. I'm personally very interested in the view of this space from academia and how we bridge those worlds. I live that specific question every day, as I mentioned, so it's a super interesting area for me to explore. I have no idea how interesting that is for the average listener — it might be highly, or not at all.

Will: That's a really good idea. I'm kind of mad at myself for not thinking of it, since I saw that exhibit a few months back. I even have the hardcover Coded book they released. I'd bet her name is right on the first page.

Ori — James Merrill

SimonSays: Weirdly, it's not — which is why it took me a second to find it. But it's got to be in there somewhere. It opens with this chronology before it actually gets into an index.

Will: That would be a great episode. It would take some prep work, especially with Casey just releasing 923 Rooms — and the progenitor work to that was on display there. I like this idea a lot. This is a good place to end it. I'll invite you, Simon, to get any plugs off — we just had the solo show from Zach, great success there. Anything else coming up?

SimonSays: There's nothing else I can plug from Zach at the moment, or from Marcel. As I mentioned, part of how I came together with Eric is that he's working on turning a series of unique drawings — of a city grid type setup — into a generative series. He works in this abstract style, some of which is reminiscent of the Automatism and Yazid series, but whereas those are more pure abstraction, this one is layered — it straddles the line between abstract and clearly figurative. Recognizable abstraction, I guess. Turning that into a generative series of cities is going to be really interesting. We don't yet know when or where that will happen, but it will, and it'll be cool.

Keep a lookout for that, and there'll be some other stuff from him fairly soon — he's got a couple of one-of-one Cities pieces releasing in the next few weeks. His Twitter is @efdottstudio, which I'd definitely check out. There'll also be some other awesome stuff coming from Marcel and Zach over the next few months — I just can't say what yet.

Will: Upward Spiral 2, here we go.

SimonSays: Upward Spiral 2 Electric.

Ori — James Merrill

Will: We'll look forward to all that, and everyone should give you a follow. Is it @SimonSays?

SimonSays: It's @0xSimonSays.

Will: Right, 0xSimonSays — get the little eth nod in there.

SimonSays: Yeah, well, "Simon Says" itself was already long gone by the time I came around.

Will: So, @0xSimonSays — if you're an artist interested in getting your career together, give him a DM.

SimonSays: Hit me up. And if you're not verified and can't DM, you can find me in Discord. My email is the same as my Twitter: 0xsimonsays@gmail.com.

Ori — James Merrill

Will: Thank you so much, Simon. It was great to have you on the show, talk the market, and get a different side of the business. Hope you enjoyed being on the show.

SimonSays: Absolutely. Great to be here. Thanks for the great conversation.

Will: Thank you. All right, that's it for this one, everyone. Hope you all enjoyed it. We'll be back again soon with another episode. Later everyone, bye!

Change log

  • Initial transcript — auto-transcribed (AssemblyAI) and readability-edited.