Yitong
@yitong
seeing lots of hate for the zora token because it doesn't grant any rights to holders imo this is good actually – we need more experimentation on what tokens mean, in all directions. not a memecoin, not a gov token, but an exciting new thing. bullish
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🎀 sonya (in theory) 🐰
@sonyasupposedly
in what sense is it not a memecoin?
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Yitong
@yitong
in that the value of the coin is not primary driven by a meme. the common understanding in the market that this is still a coin tied to the performance of zora the company, just not in the traditional way. you can always argue ad absurdum that zora the company is a meme, but then everything kinda falls apart if you think this way
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Brenner
@brenner.eth
If the coin is not directly tied to Zora the company, but purely ~memetically~ tied to it, then how is it anything other than a memecoin?
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