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.

I still struggle with the value of these coins. Like why would people buy it fr? 

@theiaresearch wrote an awesome essay about lemon markets and to me this whole category looks lemony. maybe it’s a completely different category, but how do you generally price a creator coin?

maxxing on /morpho 🦋 | consistently curious

you’d buy it if you think the price will go up, in that sense it’s still a meme - you’re betting on the creator growing over time on zora. theia’s approach definitely is not compatible with investing creator coins, they are way more fundamentals driven etc