Onchain Social Network has built a reputation as a famous tool for artists, musicians and other creators to achieve income from their content on Onchain, but the last launch of the Zora symbol, which is called many users, is confused, unhappy.
The price of the distinctive symbol was connected shortly after its launch, as users and observers complain of everything, from poor communication from the team to the distinctive symbol distribution forms and facilities.
This comes amid a general decrease in interest in the Creator economy ONSAIN and a changing perspective about whether Blockchane tools, such as NFTS, are still useful for creativity who want to liquefy their business on Blockchain.
With creators and builders turning into focus and NFTS no longer sells as was the case, does the symbolic Drop symbolize Zora to the end of the NFT model that the Creator moves? Perhaps not, but many creators change their views and should play Blockchain in the Creator’s economy.
Zora Tokeen Launch and Airyrop Go Awry
The Zora icon was launched on April 23, and it soon became a controversy between users. To start, she has not officially announced that she had started directly even after two hours of its circulation, which led to confusion on social media.
The price of the distinctive symbol quickly decreased by more than 50 % in almost two hours, from $ 0.037 to $ 0.017, adding to user complaints. It has since fell further, as he was sitting about $ 0.013 at the time of writing this report.
A symbol falsely became a point of disagreement. 45 % of the offer reserved For the team and investors, while 25 % are dedicated to the Treasury Department – leaving 20 % for community incentives and only 10 % for the air used. Some have led to the complaint that the project was keeping a lot for itself.
I am free He did not like him There is no general benefit. I falsely mentioned repeatedly that the distinctive symbol is “only dedicated and does not give his holders any governance rights or a claim about any ownership of its falsehood or its products.” But it seems that the project responds to this criticism on May 1 Advertisement Zora will have some additional functions within the network.
However, many others came to defend the project, saying that participation on the platform was financially profitable. The others were simply grateful They received anything at all.
“On the basic level, I appreciate his reward for participating in an early thing.
Although she did not know the team well, she said, “I feel they really are trying to build new models to assess digital artifacts and built aesthetic and culture around their brand in overlap with what is usually encrypted.”
NFTS is no longer the upper part of the creative food chain
The firing symbol falsely was the latest step in a broader shift away from the traditional NFT model of creators, in which case the adoption of the cultural domination of mechanics.
While the posts on Zora used to be scattered like NFTS, every post now creates a mechanical trading immediately, also known as “content currency”. Creators are given 1 % of the width and earn 50 % of the trading provider and liquidity fee.
While moving from NFTS to metal coins the content was in itself controversial, it represents a transformation into a new category of creators, according to Adam Levy, the host Mint Podcast and founder of BluePrint, which helps creators to go in ONSAIN. “It brought a new category of creators who falsely trying to benefit from.”
I think the pump -like or currency -like model is an ideal symbolic model for a new category of creators who generally appear on the Internet. I think it is like the type of GEN Z, which spends a lot of time to reshape the content or try to create a viral content in terms of deadly content.
NFT sales remain low compared to the peak of 2021, and many creators simply left NFT space due to the perceived palaces. NFTS related to music, which prevailed on platforms like Zora, has taken a particularly difficult.
Many builders of the most popular creators ’platforms have moved to work on other projects. For example, the team behind Sound.xyz, the team behind Music Nft Platform.
In the X February Publication, co -founder of Sound David Greenstein He said Hyperfocus speculation has led to a decrease in NFT. “Over time, it became less than the artist, music, real contact – and more than financial transactions,” he wrote. “When speculation cools, and so did the energy behind artists support.”
This feeling echoed Feriti, who said: “I do not think that digital artifacts will have a permanent value outside the speculation, experience and care.”
Related to: Distinctive symbol in the interest of music, where the upcoming NFTS Taylor Swift can help
According to music artist and Albani Latasha, “We did not focus on culture; we were focusing on speculation. Once she succeeded in the market, I really showed it.”
Latasha, who was formerly president of society in Zora and is now building many Blockchain platforms, Cointelegraph told the Web3 instead of using technology:
Language, terminology, and even societies that created this type of load, in fact, when they only stay in that place, right? Thus, I always knew that the language would change and that the encryption would become just a tool, as it should.
What is the following for the economy of Creator Unation?
Despite the shift in interest away from NFTS towards things like Memecoins, as it is enveloped by Zora, many builders and creators still believe that Blockchain is still incredibly strong – perhaps it should be used in a different way.
“I have learned that you cannot force you to idealize the world and to the market,” said Ferretti. “I am less interested in making” Web3 Tools “working on Blockchain and more interested in finding new ways to solve the problems facing artists, audiences and systems that link them, regardless of the shape.”
“I will definitely not sell NFTS to the masses.”
Levi, on the other hand, is still firm in his belief in NFTS, specifically. “I still have an endless conviction of what I do,” he said. He pointed out that the cryptocurrency in general, not to mention NFTS, is still in the early stages of adoption. “I think we all need to reduce.”
I don’t think it is just a heresy. I don’t think this will disappear. I do not think that because I tasted sugar when this is a creator. […] And I know that there is a better way to create online content and Internet investment.
One of the prominent transformation was to hide the Blockchain elements and focus only on the user experience. For example, RAP Duo Run JWL is actually the Onchain symbol, but this fact is buried in the common questions of the club page.
“We still need to reach a better way to make the encryption wallets within the reach of people so that it is easier,” said Renata Lienbring, CEO of the music music platform: “The moment that happens, everything will change.”
Compare Lowenbraun Blockchain to the Internet, saying that the Internet took decades to truly arrest him. She said that NFTS had a “wrong start” before the infrastructure had an opportunity to mature, but this does not mean that it will not abide and will not exist and will not have these amazing applications, especially for creative people and creative projects. “
For Lazha, the future is in the hands of the artists themselves. “I think the artists will build their platforms. I think this will be the future.”
From 2021 to 2024, we were really dependent on platforms. […] Then we witnessed platforms from platforms such as web2 platforms, where they had a lot of property over our worlds and how to move, and I think we all finally learned, “Yes, if this is really related to building something different, he will have to come from us.”
Whatever the future of the creator’s economy on the web 3, it is clear that it will not be without bumps along the way. But if it is supposed to believe the builders and artists, the road bumps are on the road towards the independence of the older artist.
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