Thinking out loud:

Interesting model for aligning NFT collections that launched memecoins is doing buy backs with fees of coin and nft. Trading fees from coins go to buying NFT, trading fees from NFT go to buying the token. 

For zora model would just be fees go back to buying token? Maybe better if baked into contract? Maybe not meaningful enough?


Positives? Negatives?

NFT buybacks don’t make a ton of sense to me since you end up reducing the potential size of the community, ideally you want more people with skin in the game not less. Ofc some optimal amount where team also owns some and has alignment

Whereas coin buybacks can basically be done into perpetuity on any size

imo buybacks are weird no matter the media. coin buybacks to me sound like “my coin is dead unless i buy it”

yeah agreed that if the team believes in the product they believe in the pamp. that results in a selloff of course, but can be approached sustainably. 

the answer is probably no, ideally capital goes to further development to create something people actually care about

Yea in a lot of cases it is an attempt at pumpanomics that skirts around the core issue which is lack of demand

But there is also a case to be made that it’s more aligned way of a team acquiring ownership / skin in the game, eg they are buying it on the open market just like anyone else

But generally a team should have a good answer to the question of “we have X amount of capital, is buying back the token the best use of it for growing our protocol?”. often the answer is probably no.