Undecided if I'll hit publish. Represents my current thinking on Zora without going into the heady attention market stuff. Also I'm referencing Zora here but its from conversations with many of the platforms.

NFTs do not have PMF.

Coins do.

Embrace the market.

clicking @clicker (a @daylight ░░░░░░) | kylemccollom.com

/new-york 🗽 • /untzuntz 😈 • /tastebuds 🍕 Fan of eating tacos and bringing people together, often at the same time 🌮

NFTs and coins are primitives so it’s hard to say that they have “PMF”. I think coins are a good primitive for the gambling use case and NFTs are a good primitive for the collecting use case. The gambling market is much larger than the collecting market for now.

Hunting for a metric that shows PMF or a major NFT marketplace founder that still thinks NFTs have PMF.

They're different. I'd say that coins are definitely better for gambling while NFTs are better for collecting. The problem is that last cycle NFTs were actually used for gambling masquerading as collecting (most people don't actually care about the art). I think both are cool and use cases will continue to develop.

Yesterday's NFT volume was $5M.

Token volume was $132B.

26,400x higher.

Please keep telling me how NFTs have PMF though.

Just a dude who loves birds /songbirdz /birds /birdwatching

True, but that doesn't mean NFTs don't have value. The best NFTs are meant to be held for the long term and not constantly traded back and forth.

The market for them is clearly smaller than the market for memecoins at this point thats definitely obvious

Isn't each post on zora just a 1:1, where you mint your own copy of the exact same image as everyone else? So it's not like it was actually using any of the non-fungible properties of erc-721s.

Seems fine to me to experiment with coins for that use case, but seems distinctly different than Cryptopunks, Pudgies, Chonks, etc., especially if you can own the IP to the actual NFT you hold in some fashion.

JPGs as NFTs that were becoming fractionalized were probably the signal. 

If we’re bothering to make it fungible, just keep it a coin. 

I think NFTs find a new application