$ZORA is for fun only and does not entitle its holders to any governance rights or a claim on any equity ownership in Zora or its products.

wew more memecoins. what's the point of all of this if there is no user ownership or governance?

also with the new ‘upgrade’ Zora has effectively converted to a launchpad for memecoins. the quality of the content is already low. if you are an artist and you are excited about the new moves please explain.

In a way, Zora is building the degen-communism outlined in Vitalik's vision. They take the most free market part of crypto, initially this was NFTs, and then they tried to make it hot by being a cultural curator of content, and then they commodified it. Now, with memecoins, they are trying the same thing.

If artists were the linchpins of capturing the NFT market, who is the linchpin of capturing the memecoin market? It is probably not artists.