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https://solana.com
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Garrett
@garrett
Zoracoins might make more sense on Solana as an alternative to pumpfun Both distill an onchain asset down to its simplest, most composable and interoperable form: a fungible coin They have different approaches on mechanism design and style/culture Food for thought 💭
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six
@six
not sure i agree, zora coins are not really risk assets in the way memes are, they are moreso just liquid collectibles - likely lower upside and longer time horizon target user for that is probably more on base than sol
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Garrett
@garrett
What’s the difference between a zora coin and a meme?
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six
@six
upside and desired time horizon of the median participant
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Garrett
@garrett
The upside is boundless for both Time horizon is about the audience, not the format
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six
@six
just thinking through the market structure and stuff, if you go on pumpfun most coins have some people talking about how its the next 100m thing etc. i do not see those same expectations occurring on zoracoins. when i bought ripe's thing i didn't even think about what the upside was. if i'm buying a meme i'm very much thinking about that as a risk-on trade vs. as a collectible. not saying successful memes can't be launched on zora or vice versa for pumpfun, just thinking in probabilities, the average solana meme market participant is going for 10+x or bust, not buying a coin for the sake of owning it, which is imo why the average zoracoin buyer might buy one ofc nothing *mechanically* different between zoracoin and meme. just the nature of the assets lend themselves better to each respective community imo.
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Garrett
@garrett
Fair but I was coming at it more from “where we’re going” rather than just “where we’ve been” These behaviors/preferences will continue to shift and change over time. So many emergent behaviors in crypto prove to be unsustainable. And I don’t think it’s about the nature of the asset. They’re basically the same form of asset. It’s the nature of the platform and the framing/culture around that platform that launches the assets.
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triumph
@triumph
a side tangent on framing: zora thing was/is shilled hard as a “coin everything!” option and tbqh i am infinitely bearish on that. i just don’t think there is any sustainability (or associated liquidity) in ppl giving a fuck about random posts. nor do i think its a sustainable social economy via ~micropayments~ ripe’s coin was interesting to me bc he made it an artistic medium. a canvas. and seeing his reply to a zora employee thanking them “for the art supplies” hammered it home it’s a creative white space to be leveraged but imo is NOT a basic infinite coin generator so to speak
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