Update: 
Starting marketcap on @zora is now $22 (~60x lower)

This includes:
+ Improving liquidity across the market
+ More expensive to snipe large amounts
+ More posts getting more volume (not just viral ones)

We'll keep working getting this as low and liquid as possible.

Here's a way to think about this:  

Zora is creating markets to discover the true value of content. 

Most pieces of content are worth non-zero but not thousands of dollars.  

So actually we need to get this as low as possible over time for efficient markets.

What are the disadvantages to a low starting market cap? ie What are the counterweights to getting it lower now?

Zora for Developers

music. new project @acidtest — coming soon 👤

IMO low makes it all seem cheap. I get the economics and price discovery but I think being able to use the other higher market cap contracts will be important. 

asking that in /zora-devs now