0xen 🎩 on Farcaster

0xen 🎩 pfp

all these coins paired with $zora at this low of a market cap means things could get silly if it ever catches a bid. some brand rehabilitation happening since all these token launchers are popping up everywhere. still think creators need more incentive to post. coined something the other day and made 1 dollar on $400 in volume, seems low.

3 replies

0 recast

10 reactions

J Finn 🎩 pfp

I just think the thesis behind Zora is off. The fact that some people can make money coining random content every day or week doesn’t mean people like it. ace has an interesting idea he is talking about of launching one coin per creator. something like that could get way more traction imo

1 reply

0 recast

1 reaction

0xen 🎩 pfp

1 reply

0 recast

0 reaction

J Finn 🎩 pfp

I didn't mind the idea behind original Moxie, but the execution was weird. It wasn't really a token per se, and it wasn't restricted to 'creators.' But buying a token like $GDUPI or something for example, it isn't just one random piece of art, you feel like you are backing the artist. I think this whole thing about a NFT on Zora being 0.00777 per mint to it being essentially a free-market token skipped a step in the middle, which is that most artists don't see their own art as an equity essentially. They sell art as music, pictures, etc. for a fixed fee, and the open market may determine the value of it, but if I create art as a NFT and it's market cap goes from $5,000 to $50,000, that's kind of weird, no? Do I bid my own art? I would say no. But if I was an artist and had my own token, that is a whole different ballgame.

1 reply

0 recast

1 reaction

0xen 🎩 pfp

i'll say that when you see your art get thousands in volume and you make like 50 bucks it does feel like something is a bit off.

0 reply

0 recast

1 reaction