six
@six
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.
13 replies
9 recasts
63 reactions
Garrett
@garrett
what’s the thinking behind buying a content coin if you want to support a creator? why buy the content coin instead of the creator coin?
3 replies
0 recast
8 reactions
six
@six
i'd buy a content coin over the creator coin if i thought the content coin would give me a greater investment return i would not buy any of these assets to "support the creator" probably, am a trader/investor, not a patron. if i wanted to be a patron i'd send them money directly, commission work, collect an nft etc.
2 replies
0 recast
6 reactions
Garrett
@garrett
So you’re still investing in creator memecoins? Just more abstracted?
1 reply
0 recast
3 reactions
six
@six
creator coins and content coins are all kinda memecoins to the extent that investors don't have a literal claim on cashflows. i think creator coins feel like *a step closer to* investing in a business with a form of underlying revenue than a "pure memecoin". they also might act as a sort of "index" on all content coins issued by the creator. idk if this answers your question. fwiw currently, there's a good amount of creator coins i'd want exposure to, but very few content coins as that's a case-by-case thing
2 replies
0 recast
2 reactions
Garrett
@garrett
I agree that the mechanism design between creator coins and content coins is directionally correct but even if a content coin is great, i’d probably just buy the creator coin The connection helps but people will still likely want exposure to the creator much more than any single piece of content i guess it’s just hard to imagine a content coin having more potential upside than that content’s creator coin
1 reply
0 recast
0 reaction
Erik
@eriks
as a photographer im hoping to soon be able to give ongoing royalties to collectors on a pro rata basis for all future onchain and irl sales thinking 10% of all future revs, given pro rata based on who owns my 1/1s still thinking through mechanics of it w a few other artists here
1 reply
0 recast
0 reaction
