AzFlin
@azflin
The low cost, infinite mint model like @paragraph, @pods can do numbers in revenue I suspect Good business model to copy especially as we get more entrants in the space
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Colin
@colin
How do you think about this vs Zora’s ERC20 model?
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AzFlin
@azflin
Not a huge fan of zoras coins tbh
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Colin
@colin
Say more? We were exploring what a coin model could look like on Paragraph Curious what you like about NFTs and dislike about coins
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AzFlin
@azflin
For one zora coins from famous people are being insta sniped by bots
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Reid DeRamus
@reidtandy
Appreciate the note! Any other reasons? Part of why we're interested in exploring coins is bc the infinite mint model hasn't really generated much in the way of earnings for individual writers. If we really want to expand the economy around creative work, we may need to find a better model.
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Reid DeRamus
@reidtandy
Also, FWIW, we're leaning toward a slightly different approach than Zora, one a little less centered on the hyper-financialization of everything ("support" instead of "buy", "trade" instead of "sell", no market cap). Still think it'll be hard to get this right from a product & marketing view, but excited to try!
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AzFlin
@azflin
how will your tokens be diff than zora?
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Reid DeRamus
@reidtandy
We're still very early, but broadly want to lean away from hyper-financialized / speculative UX. The copy changes mentioned above are part of that, not showing the coin market cap (instead, having some kind of popularity indicator, like three stars for trending), and other detailed UX that shifts the vibes more toward self-expression and patronage, not so much speculation. We also want to reduce mental overhead w/ buying coins, where folks don't need to think about how many coins to buy, the price of the coin, etc. These will be hard product / design issues to chip away at. We also need to find ways to allow bots to add value & provide liquidity without harming the integrity of the ecosystem.
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