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i love $enjoy but itโs a good case study for all apps & interfaces looking to tokenize
zora continues to vastly underestimate network effects & liquid security, but this is perhaps their first step in the right direction: abandoning their own chain
they have become the epitome of โif you build it, they will comeโ which simply does not work within distributed networks, specifically at the app level, as proven by the rise of rodeo, et al. which naturally, will only get worse (compression, consolidation, competition)
without baseโs provisioning across brand equity, liquidity, tvl, security, network effects, cex, cbw, etc. this token would certainly & inevitably collapse
this will now come down to whether or not zora intends to respect the fact that average users, collectors, creators, and traders all must be individually & uniquely incentivized within their tokenomic model
once again, we are talking flywheels 6 replies
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