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Dan Romero
@dwr.eth
An optimistic case for the new Zora model 1. Everything that can be a token, will be a token. This trend is accelerating because the largest capital market in the worldâthe USâis finally has a pro-token regulatory environment. (Using coin and token interchangeably here.) 2. If you create digital media, you can immediately can earn money. No bank account, payment process or platform (Zora contracts are a protocol). 3. Additionally, if you create digital media that goes viral, i.e. captures internet-scale attention, you can make a lot of money. Traditionally the only beneficiaries of internet-scale attention are the web2 social media platformsâthey monetize via attention (time spent) and they minimally share the upside with the creators. 4. Coins (ERC20) are the most composable primitive in crypto. Order of magnitude more than NFTs (ERC721). Leads to weirder / emergent use cases. 5. Zora open editions fee distribution stack is underrated for curator / app layer monetization.
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Alex Mack đď¸
@alexmack
I appreciate this optimistic perspective and there's certainly applications for such a model, especially in the "content" sector. Art already was tokenized, so having it as a "token" isn't new. This is about the supply, distribution and liquidity. For art, there was never any need to have 1B supply. We also saw how quickly that fad died off after a few "bigger" artists had runners with the "coined" Zora mints a few months ago. There's simply not enough liquidity to drive that market, especially as it niches down. Plus, collecting and connecting with art â trading "coined" art. Just feel this format doesn't work for the artists, on a platform that previously touted itself as being for the art. But that's just my opinion and I recognize I can go elsewhere.
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