After Zora airdrop goes awry, what’s next for Web3 creator economy?
Zora's recent launch of the ZORA token has led to confusion and dissatisfaction among users, with its price dropping over 50% shortly after launch. Complaints include poor communication, token distribution, and lack of utility, as 45% of the supply is reserved for the team and investors, leaving only 10% for user airdrops. The token is described as having no governance rights or equity claims. The shift from NFTs to memecoins reflects a broader trend in the creator economy, with many creators moving away from traditional NFT models. Despite declining NFT sales, some believe blockchain technology can still be valuable if used differently. Future developments may focus on artist independence and improved user experiences, moving away from speculation-driven models.
