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https://opensea.io/collection/zorbs-eth
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Dan Romero
@dwr.eth
An optimistic case for the new Zora model 1. Everything that can be a token, will be a token. This trend is accelerating because the largest capital market in the world—the US—is finally has a pro-token regulatory environment. (Using coin and token interchangeably here.) 2. If you create digital media, you can immediately can earn money. No bank account, payment process or platform (Zora contracts are a protocol). 3. Additionally, if you create digital media that goes viral, i.e. captures internet-scale attention, you can make a lot of money. Traditionally the only beneficiaries of internet-scale attention are the web2 social media platforms—they monetize via attention (time spent) and they minimally share the upside with the creators. 4. Coins (ERC20) are the most composable primitive in crypto. Order of magnitude more than NFTs (ERC721). Leads to weirder / emergent use cases. 5. Zora open editions fee distribution stack is underrated for curator / app layer monetization.
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jihad ↑
@jihad
Tokenization of everything could be good if we build infrastructure for tokens that allow them to be bought, sold, and used in a "good" way. I don't know what good means, which is why I'm not saying the Zora update is good or bad, but I think it has something to do with the messaging and UX around "content coins." Highly curated NFT marketplaces *felt* better to me than high-speed attention markets, and I'm trying to figure out if the latter is truly good and something we want to optimize for explicitly.
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