Zora's Memecoin Platform
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Sponsor: Kraken NFT — Kraken NFT is built for secure NFT trading.
Zora has long been a leader in the NFT space, and now the team is setting its sights on memecoins with Wow, a new platform and protocol combo built on Base.
This week, Wow started fielding its first token creations, with a handful of these initial memecoins having already evolved from bonding curve trading to Uniswap trading.
The whole experience is powered by Zora's ERC-20z tokens, which can switch between a fungible ERC-20 mode and a non-fungible ERC-1155 mode. There's nothing else like it in crypto right now!
Can this unique approach drive a new memecoin surge atop Base? Let's dig into all the basics plus the main implications here for today's post! 👇
Kraken NFT is one of the most secure, easy-to-use, and dynamic marketplaces available. Active and new collectors alike benefit from zero gas fees, multi-chain access, payment flexibility with fiat or 200+ cryptocurrencies, and built-in rarity rankings. Learn more at Kraken.com/nft
Lately, I've been pitching some of my friends who are still big Instagram users to give Zora a try.
Why Zora? Because you can sign up and start posting your content there with just an email, no crypto or wallet required upfront.
This UX shows how the "crypto" elements of apps can be increasingly abstracted away or made entirely opt-in to create a familiar environment for users of all stripes, including mainstream folks who've never touched crypto before.
This approach makes Zora the go-to app I recommend to newcomers. The good news, though? Another solid option just became available here, and it's Rodeo.
That's because the creator and collector platform just announced it's open for everyone and now supports email sign ups, so crypto is no longer needed to get started. People can post for free and collect with Apple Pay as they please, with the ability to add a wallet later if they want.
Even if you don't see yourself being a big Rodeo user, it's a good platform to keep in mind in case anyone else in your life ever asks about easy places to get started in crypto. Zora fits that bill, and now Rodeo does too!
Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.