‘Memetic speculation’: Users debate Zora, the creator-token app with Coinbase backing

Key Points

1. Zora has over 127,000 downloads on iOS and 50,000 on Android, with nearly 18,000 daily active users posting content.

2. 36% of daily Base app users interact with Zora, trading small amounts of creator tokens by mentioning them in posts.

3. Some creators, like ex-Coinbase employee Jacob Horne, have tokens with market caps exceeding $500,000 each.

4. Critics, including artists like Justin Blau and ThankYouX, argue Zora adds a speculative element to art and criticize its handling of creator tokens.

5. Vitalik Buterin raised concerns about Zora creating incompatible ecosystems within Ethereum, posing risks to user experience.