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.

do you believe there's a path dependence to equilibrium price discovery for content coins?

same content...
1/ launches, pumps 1000X, crashes, equilbrates at $X
2/ launches, fluctuates moderately and grinds to $Y

does X = Y?

Probably X > Y because a 1000x alone is likely going to get net more attention (holders, distribution, liquidity) than Y would otherwise. 

I don't know how much more but definitely more.

a 1000x pump is kind of like an outsized algorithm or advertising boost

Right.. there’s a price-attention dynamic that is entangled with the content distro-attention dynamic

yes.

and i am extremely curious to see
1. what that dynamic actually is in a more efficient market
2. what content is actually valued in that market
3. what the downstream effects are of that dynamic and market

agree will be fascinating

if medium is the message - what is content that best distributes as a coin