six
@six
i am excited by zora's creator coin update. imo most "socialfi" attempts to-date have failed because traditional social tokens lack any underlying economics; they are closer to memecoins and just move up and down reflexively, most of the time burj khalifa-ing after the meta shifts on to something new. zora's update shifts social tokens one step closer to investing in a creator business instead of investing in a creator memecoin, with the first revenues being fees generated from the content coins paired in the creator token. mechanism-wise this feels like the end state to me, the hard part now (always has been etc.) is growing adoption of the coining behavior - for the above to be true, creators still need to actually coin stuff and traders/investors still need to actually buy content coins. gg to the team.
13 replies
9 recasts
63 reactions
Garrett
@garrett
what’s the thinking behind buying a content coin if you want to support a creator? why buy the content coin instead of the creator coin?
3 replies
0 recast
9 reactions
six
@six
i'd buy a content coin over the creator coin if i thought the content coin would give me a greater investment return i would not buy any of these assets to "support the creator" probably, am a trader/investor, not a patron. if i wanted to be a patron i'd send them money directly, commission work, collect an nft etc.
2 replies
0 recast
7 reactions
Garrett
@garrett
So you’re still investing in creator memecoins? Just more abstracted?
1 reply
0 recast
4 reactions
six
@six
creator coins and content coins are all kinda memecoins to the extent that investors don't have a literal claim on cashflows. i think creator coins feel like *a step closer to* investing in a business with a form of underlying revenue than a "pure memecoin". they also might act as a sort of "index" on all content coins issued by the creator. idk if this answers your question. fwiw currently, there's a good amount of creator coins i'd want exposure to, but very few content coins as that's a case-by-case thing
2 replies
0 recast
2 reactions