I don't understand this explainer: “If 50 editions are collected in the primary and 10 editions are collected on Sound Swap, then only 10 editions can be sold. Once 10 editions are sold, you can no longer sell on Sound Swap unless additional editions are collected.”
Is the supply 60 editions? Are the 50 primaries unable to be sold on Sound swap? Or is it 50 editions are sold total, 10 are placed on Sound Swap to be sold on secondary?
Yes your first hunch, the total supply in this example would be 60; the ones minted after the primary sale cutoff would be the ones that begin seeding the Sound Swap liquidity pool for that drop, so there'd only be as much liquidity per editions that have been minted after that point!
and the original 50 are only able to be sold on other marketplaces? Also with the Sound Swap LP does the user still retain the NFT in their wallet or is it no longer viewable once it's in the LP?
So I think any of the 50 *could* be sold through the Sound Swap system, but only as liquidity permits; with more mints comes more liquidity comes more opps for the original 50 minters to sell back through. But if that liquidity gets depleted through sales you'd have to wait for more mints to replenish the LP, etc. Also, NFTs always stay in users' wallets but it's a portion of the ETH payments that are distributed to the pool, the fungible tokens.
I don't understand this explainer: “If 50 editions are collected in the primary and 10 editions are collected on Sound Swap, then only 10 editions can be sold. Once 10 editions are sold, you can no longer sell on Sound Swap unless additional editions are collected.”
Is the supply 60 editions? Are the 50 primaries unable to be sold on Sound swap? Or is it 50 editions are sold total, 10 are placed on Sound Swap to be sold on secondary?
Yes your first hunch, the total supply in this example would be 60; the ones minted after the primary sale cutoff would be the ones that begin seeding the Sound Swap liquidity pool for that drop, so there'd only be as much liquidity per editions that have been minted after that point!
and the original 50 are only able to be sold on other marketplaces? Also with the Sound Swap LP does the user still retain the NFT in their wallet or is it no longer viewable once it's in the LP?
So I think any of the 50 *could* be sold through the Sound Swap system, but only as liquidity permits; with more mints comes more liquidity comes more opps for the original 50 minters to sell back through. But if that liquidity gets depleted through sales you'd have to wait for more mints to replenish the LP, etc. Also, NFTs always stay in users' wallets but it's a portion of the ETH payments that are distributed to the pool, the fungible tokens.