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.

it does feel like a huge step forward, agree big time

but guessing this iteration is DOA because the math doesn't work. something is very wrong, losing tremendous amounts like 20-40% to constant $post/$creator $creator/$zora and $zora/$eth slippage

I wonder if it's an LP issue or what, but I think this is why many coins have not successfully been paired with something other than ETH. wonder what can be learned from $virtuals on this front