basil (propagation arc)
@itsbasil
zora is the network token (erc20, yoyo; protects liquidity & system fragility via walls) the creators are downstream via 20s (the other pair of the yoyo; own the network or own the creator, either way liquidity is hurdled) the “content” is 721s downstream of that (the creators work) owning the creator coin gets you perks (gated chat, discounts, exclusives) staking the creator token gets you rev-split on the 721s secondary 721 primary sales are in eth & go almost entirely to creator with 20% fee to $zora now you don’t have to sell your own token to make money then flywheel: 10% of the zora fee into a reward pool & gamify; the other half into a buyback & burn on zora now the very bottom layer is pushing value all the way back upstream with every new mint then build our creator cross-marketing & community tooling (special auctions, dual-creator 721 splits or fractionalization, etc.)
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Quin
@quincredible
if they integrated manifold, and actually added a 721 layer with creator contracts that the creators actually owned, I could muster a bit more respect for these shenanigans
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Quin
@quincredible
20% fee crazy though, even OS only takes 2.5 I dunno, I guess I have to rethink everything including fees, because even though the social push is framing it all 'valuable content', the reality is everyone is just praying to get paid for their shitposts and memes, and likely don't care if that content is permanently stored, let alone ever seen again I'm still thinking like an artist
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basil (propagation arc)
@itsbasil
gotta think like an adaptive system, this is just where i’d start, would evolve high fees probably needed to keep it moving; just automate as much as possible cause humans dumb
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