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๐จ Security Alert: Our official X account (@elfa_ai) has been compromised.
We are NOT posting any smart contract addresses, promotions, or links at this time.
Please do NOT interact with anything posted there.
We are working with X Support to recover the account.
Official updates will be posted only here.
how times change
exhibit a: "hyperstructures," an essay by the zora founder theorizing the ownership of protocols that entitle you to fees
exhibit b: the $zora token, giving you no ownership over the protocol or any kind of fees
so instead of focusing on things like
- organic tik tok shows
- onboarding consumer non crypto apps to ICO like blackbird
- NBA Playoff campaign
- IRL activations
- Startup fundraising
Base focuses on the most recent try at a creator economy onchain.
There is for sure a fundamental disconnect somewhere at Base.
Normal people do not give a shit about buying instagram posts they see as coins.
You canโt say that this isnโt for trading or itโs different when you know that your audience is just degens moving from arena to arena.
Zora could have (still could) had its moment of being the chosen arena (friend tech, etc) but it really does feel like suits launching memecoins trying to be degens but then trying to play it safe and say no itโs not a memecoin itโs different.