Garrett
@garrett
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
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wtfken
@wtfken
$ZORA could have ignored the airdrop they conducted. the platform is quiet and looks deserted. only few creators are earning/benefiting off the platform i think nfts era marked the peak for creators ability to earn. building a product with a well executed pmf is better than over incentivization. about a week ago, they launched creator coin, where creators can earn $op but when i check the stats, it’s the same set of creators earning or maybe it’s being gamed, idk but i think $zora can not attain half of its previous ath ever again, both mcap and fdv
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fhn_gt
@9r1n6c0r3
is that you
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