@0xluo.eth

@paragraph introduced writer coins. @fredwilson.eth's @usv invested in Paragraph, so he launched his own writer coin $AVC on Paragraph. This is somewhat similar to Zora introducing creator coins, and Balaji invested in Zora, so he launched his own creator coin. but Fred appears to be taking the experiment more seriously. He wrote an article explaining his thinking and said he hopes to "drive the value of $AVC with my writing". I’ve always believed the onchain creator economy for writing has huge potential. Web2 has already proven that people are willing to pay for high-quality long-form writing through subscriptions on platforms like Substack and Medium, but these models still do not "properly reward or align writers and readers". Similar to Zora, Paragraph also introduced post coins before, although they didn’t gain much traction, possibly as people felt creator coins were better at capturing value. Now that Paragraph’s writer coins are live, they can work together with post coins to build an onchain creator economy where writers are rewarded for their work, and long-time readers and subscribers can share in the growth they helped create. I am curious to see whether coins can truly work on writing platforms.

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