Verse Talks

A conversation with fxhash: Ciphrd and Cosimo break down open-form, $FXH, art coins and the importance of an open platform

Episode 41

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