I'm warming up to castcoins.

- the objections to it tend to sound like "I'm afraid of change" more than "this is bad and here's why". Reactions of the kind don't imply the hated idea will be good, but it signals potential (anything truly transformative is controversial)

- someone explained on Twitter all your castcoins feed into a metacoin sharing the liquidity pool, at least on Base App. Sounds interesting somewhat

- I can think of a couple fun usecases already. Resurrect the original idea of creator tokens from 2018: pay people for their time. You could do something like "bid on this cast to hire me for one hour". Some of the trending casts already do something like that

As an investor or trader, I think about tokens relative to their market potential

It's interesting to see @zora create a hierarchy of markets in the way they've integrated tokens into their platform.  

In order of market potential it's Platform > Creator > Content

I will likely value a platform token ($ZORA) more than I will a creator token on the platform ($JACOB)

Taking it one step further, I will likely value a creator token ($JACOB) more than a content token ($HORSE)

The market for a platform is likely larger than the market for a creator.  The market for a creator is likely larger than a market for a piece of content.  

There'll likely be a few exceptions but generally this is the way I think about it.

With this in mind, I think it's generally smart to size your investments according to market potential of a particular market.  For content, maybe it's worth investing $0.25.  For creators, maybe it's worth investing $10.  For a platform, maybe it's worth investing $100. 

This is an elegant design for connected markets with a platform, creators and content.  

Very interesting experiment that hopes to catalyze a new behavior from creators (tokenizing content) 

Zora's market cap is currently $26M ($85M FDV) but the market potential for a platform to tokenize creators and their content is definitely larger than that.  I'm paying close attention to see if the market potential for creators tokenizing their content grows because I think that if growth of creator markets and content markets picks up then it will all ladder up to $ZORA.

It's a new behavior and

>>>someone explained on Twitter all your castcoins feed into a metacoin sharing the liquidity pool, at least on Base App. Sounds interesting somewhat

If $ZORA appreciates like it has in the last week then the downstream effects and positive for everything coined in the way Zora has structured LP pairs and the markets of creator coins and content coins

>>>someone explained on Twitter all your castcoins feed into a metacoin sharing the liquidity pool, at least on Base App. Sounds interesting somewhat

If $ZORA appreciates like it has in the last week then the downstream effects and positive for everything coined in the way Zora has structured LP pairs and the markets of creator coins and content coins

https://farcaster.xyz/garrett/0xa5246975