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.
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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?
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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.
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0xmons ✝️
@xmon.eth
i agree, but then why do u think zora keeps pushing these are pro-creator, or even calling them creator coins "if you trade, creators earn 1%" yeah but also if you just send them ur money they get 100% why not set a 5% trade fee or a 10% fee instead? > this one easy trick can 10x ur creator fees, the protocol changes zora doesn't want you to know about
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Garrett
@garrett
So you’re still investing in creator memecoins? Just more abstracted?
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