Kien 🙏
@kienfam
who can explain me why? is it working or not? if not, what's wrong?
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yerbearserker.base.eth 🧉
@yerbearserker
It's another way for individuals with large audiences to monetize that audience. We see a few projects attempt to deploy via it, but why wouldn't you go with a Clanker or Clanker Interface to get 40% of fees (or 60% via /glanker Deployment 😉)? I think the biggest disconnect is presenting it as 'for creators' when really all it does is make their creations worth an incredibly small fraction of a cent. As a tool to fractionalize things, it does that fine. But I don't think this is a tool that really supports the creators it's asking to use it, & rather serves the infrastructure that ends up with the volume. Look at profit splits, how they pay out, & how they support users and it'll tell you if a project is aimed to be extractive/parasitic, or generative/symbiotic Clankers pay out 50% in WETH & 50% in Creator Token, so a creator doesn't need to hit their floor to realize profit. They can then choose to burn or use the tokens for marketing. Zora keeps the WETH & gives the Creators just their token.
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Kien 🙏
@kienfam
did not know zora is giving 1% of the tokens only, not communicated properly enough @zora is that true?
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yerbearserker.base.eth 🧉
@yerbearserker
You get a certain chunk of your own coin’s supply at the time of launch as well. Then the 1% on every trade
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Kien 🙏
@kienfam
so 1% on every trade in tokens and eth which is all the LP Fees, how zora is making money then?
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yerbearserker.base.eth 🧉
@yerbearserker
The creator gets zero ETH. They also end up with their art piece having usually not done much volume and being priced at a fraction of a cent for a single unit I’ve yet to see creator Zora coins holding value longer term If a creator launches as an NFT even at diff price points etc they can see more profit on primary/secondary, build a collection/body of work , attach various token mechanics etc I can see some use for Zora coins but I don’t think they’re much of a solution for creators looking to really add revenue streams, especially when compared with Clanker
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