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.
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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?
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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.
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Garrett
@garrett
So you’re still investing in creator memecoins? Just more abstracted?
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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
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Erik
@eriks
as a photographer im hoping to soon be able to give ongoing royalties to collectors on a pro rata basis for all future onchain and irl sales thinking 10% of all future revs, given pro rata based on who owns my 1/1s still thinking through mechanics of it w a few other artists here
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Garrett
@garrett
I think Zora does this already with referrer fees but i might be wrong
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Erik
@eriks
the thought would be to just auction 1/1s over 72 hrs with no floor, then reward the ppl who supported me ongoing still more to think through
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