$jacob
@jacob
People like to say Zora pivots, I prefer to say we iterate. Here's what shipping the same idea many times over 5 years looks like, taking learnings from each one: Start: + Physical goods on Uniswap pool + 1/1 NFT perpetual auctions + 1/1 NFT coldie auctions + Fixed supply priced editions + 1/1/X fixed price drops + Redeemable NFTs + Timed editions with customizable price + Timed editions with standard mint fee + Timed editions with standard mint fee + rewards model + Lazy minting for gas free creation + first minter reward + Move from marketplace UX to Social UX + Add orderbook style secondary markets + Move to L2 (before base is even live) + Support multichain with a default (our own L2) + Acquire mint fun + Move secondary markets onchain with 1155+ERC20 hybrid + ERC20 bonding curve experiment with wow Decide to go all in on coins + Simplify down to Base only + ERC20 coins on uniswap v3 with rewards model + ERC20 zora + ERC20 coins on uniswap v4 with much better rewards model + ERC20 creator coins + Connect posts, creators coins and zora into one symbiotic market I'm almost certainly missing some things in here as well but you get the gist.
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Kieran Daniels
@kdaniels.eth
Where does the liquidity come from? How can the model work when the only way for a content coin creator to profit is to sell their token? This cannot be answered and is only ignored
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$jacob
@jacob
creators earn 1% on every trade, we see a lot of creator earnings come from this and not selling their token. we are also working on some iterations to improve the token selling side as well.
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Kieran Daniels
@kdaniels.eth
This doesn’t change the fact that the core incentives of the product are misaligned Zora is saying that this will allow creators to get paid for their work, which is borderline disingenuous. 1% for 99% of the world means nothing and the only actual way to profit is to sell the tokens. If you changed the core incentive structure then Zora would be great, I hope it kicks major ass and scales but “1% of every trade” doesn’t matter when only 1% of the user base actually has volume and the end game is to dump on holders.
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Jess Sloss !!!
@jess
What change would you make to the core incentive structure?
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