After Zora airdrop goes awry, what’s next for Web3 creator economy?

Zora's ZORA token launch on April 23 drew confusion and complaints, and the article examines what it signals for the onchain creator economy as interest shifts away from NFTs. The token fell from $0.037 to $0.017 within about two hours of trading, and Zora did not officially announce the launch until two hours after it was already trading. Zora's tokenomics reserve 45% of supply for the team and investors, 25% for the treasury, 20% for community incentives and 10% for the airdrop. Sources interviewed in the article, including Adam Levy and Renata Lowenbraun, hold differing views on whether NFTs still have a future.