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I think a big part is the looks. The SM58 is not visually distinct from a $10 mic for a karaoke machine. The integrated pop filter means you don't even get to have the "super professional" look of a pop filter a few inches in front of your LDC.

I considered making a box that accepts inputs from dynamic mics, adds some warmth, and has a USB output, to make it easier to get the LDC sound from something like an SM58, but I think nobody would buy it.

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There exactly is a product like that - the Behringer UV1. I'm guessing that they saw that streamers were buying the DBX 286 and an interface and decided to capitalize on that. Though to be honest all that processing could be done in software, even in OBS itself.

What I find sad is that Youtubers who aren't that popular are spending nearly a grand on a SM7B, a 286, a phantom preamp, and an interface for that "look". In reality, you could get similar sound with less than $200 (interface and handheld dynamic) and most viewers would not hear the difference.

An SM57 with foam pop filter (sure a2ws-bk) looks similar to an SM7B for about 1/5th the price. Sounds good too

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