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I saw very little discussion here regarding the announcement by Timefun to transition away from creator coins to an entirely different business model.
I particularly found it interesting in the announcement that Kawz stated the following:
"Over the last few weeks, I’ve met with Timefun’s investors to discuss the potential V2 launch, creator tokens, and socialfi at a high level - the overwhelming conclusion has been that while creator tokens are promising, they are probably at least a few years out, if ever.
I cannot ignore the evidence that at least currently and for the foreseeable future, the market is rejecting creator tokens. CCM has been high in mindshare on CT for the last few months, so it isn't a marketing problem. The market is clearly voting with their dollars. And the vote is against CCM.
We gave it our all in trying to kickstart this sector post-friendtech. From onboarding the top creators/founders/experts, to viral campaigns and auctions, to providing real utility for tokens. Unfortunately none was enough to sustain the tokens nor the platform."
I have a lot of thoughts on this (obviously) as someone who wrote a whole Substack article on creator coins, but I will hold them in the interest of gathering replies and continuing the discussion in the comments instead of soap boxing to nobody as I usually do.
https://x.com/0xKawz/status/1985755524470850003 1 reply
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