Zora Coins Hit User High as ZachXBT Blasts Platform’s Value for Creators

Zora Coins Hit User High as ZachXBT Blasts Platform’s Value for Creators - WorldNL Magazine

On April 20, Zora coins surged to an all-time high in daily active users, driven by a wave of viral activity tied to the cannabis-themed cultural moment of “4/20.” The spike saw more than 200,000 transacting users, marking a milestone for the platform. But instead of being a celebratory moment for Base and its ecosystem, it sparked a polarizing debate over the value, or lack thereof, of so-called “content coins.” The Surge and the Backlash At th…

Zora Coins Hit User High as ZachXBT Blasts Platform’s Value for Creators

Zora's 4/20 user surge hit 200,000, but the celebration turned into a debate about whether these content coins actually benefit creators.

Memecoins are 'objectively' the most successful crypto product: Analyst

Dek: Zora's announcement that its token is for "fun only" sparked a debate about the need for such tokens.

Zora Token Launch Amplified by "Content Coin" Hype, But Critics Cry Foul

The impending launch of the $ZORA token, the native asset of the NFT-focused layer-2 network Zora, has been significantly amplified by the recent emergence of "content coins," a concept championed by Jesse Pollak, a founder of Coinbase's layer-2 network, Base. However, this association has also intensified scrutiny surrounding Zora's tokenomics and stated utility, with many in the crypto community questioning its inherent value and the distribut…

Zora faces backlash over token supply control and ‘for fun’ label - Coin Surges

Zora recently announced its intent to launch a ZORA token, but its plans have faced criticism after it was revealed that 65% of the token’s supply is allocated to the team, treasury, and early investors, despite the token’s official documentation describing it as “for fun only.” According to Zora’s publicly available supply breakdown, ZORA will launch with a total supply of 10 billion tokens on the Base network. Of that amount, 18.9% is allocate…