Zarca recently made a decision to cap our maximum holdings of any Zora coin at 50m tokens (5% of total supply).
We felt that owning too large a share of a project could start to hurt its long-term growth, not help it.
One of the positions we scaled down was cc0company, from 100m tokens to 50m.
We’re still immensely bullish on what they’re building, and weren’t thrilled to trim the position.
Happy to see the positive price move today, well deserved. If you’re seeing this, go take a look at what they’re building. We’re still very early.
@TravSS_@cc0company@bodoggos They haven’t been active on Zora. One of Zarca’s main principles is that we only invest in creators/businesses that show up daily. Everything else is noise.
A little over a year ago, Zarca was at a crypto conference in Dubai and kept hearing the same thing at dinners from multiple large-cap teams: they were all “onboarding Africa.”
Fast-forward 18 months, and we’ve seen almost zero real traction or success from any of those projects.
For years, projects have pushed the “Africa onboarding” storyline as a marketing prop, with no meaningful users to show for it. In reality, the only place African builders, creators, and traders are genuinely active is on Base, one of the very few ecosystems onboarding real users globally, not just using them as a narrative.
Base is for everyone.