Zora

Posts on Zora are now instantly tradable coins.  

+ Each post is a coin with a supply of 1 billion
+ Creators automatically receive 10 million coins at launch
+ Creators earn 1% of every trade
  
Coin it. Trade it. Discover the value of your posts.

For the average consumer what exactly is the difference here? A tradable asset is a tradable asset is it not? 

To technical people I get there's a diff between an erc20 and erc721 but can someone help me understand the unlock for the masses?

Not fud'ing just looking to learn!

Creator of @harmonybot /bot-or-not | /blitkin | /orange-dao | IRL: Building spatial computing for construction @ Resolve YC W15

aha thank you! that's a way better pitch. my left curve brain was struggling to see the difference.

The biggest difference is the liquidity (or tradability) of the coin

NFTs can have exactly one owner, which means that only one person can purchase it from that owner - this makes it hard to know the true value of that item and also makes it hard for the seller to find the right buyer. 

Fungible coins can be owned by many people, each holding a different amount. This means you can have a near infinite number of buyers and sellers at any moment in time, making it easier for the market to form and a "true price" to be found.

technically that makes complete sense. is this more of a change in the underlying tech than what it means for the end user?

at first every post on zora was a 1/1

then every post on zora was an open edition (tokens can be minted in a certain period of time, however many gets minted is the total number) 

then every post on zora was an edition that turned into a coin after a certain amount of people minted

now every post on zora is a coin. creators post and get 10m coins out of a total 1b.