@kompreni: Memecoin traders are worse than labels for funding creators

Kompreni argues that tokenizing creators' work through memecoin-style markets is worse for creators than the label and platform models that came before. He says creators historically get paid loosely, through sponsorships, paid subscribers or ads, and that tokenized models like Zora's add a burden on fans, who can hold losses or become exit liquidity when an artist sells. He also argues that memecoin traders have high time preference and no long-term commitments, so artists would be better served without retail funding their work this way.