thedefiant.io
Zora launched a new token market on Solana today, dubbed "attention markets,” where users can tokenize and speculate on real-world trends.
The platform is off to a slow start, with its flagship token, $attentionmarkets, trading at only a $70,000 market capitalization with just $170,000 in total trading volume 30 minutes after its launch. Meanwhile, only three of its tokens have market capitalizations above $10,000, indicating little immediate demand for the product.
Zora is likely aiming to be first to market with the launch, after it was reported just last week that Polymarket is partnering with Kaito to launch its own variation of attention markets.
The launch also comes less than two months after the crypto community tried to rally behind the idea of Zora’s tokenized content coins after viral political journalist Nick Shirley launched his own creator coin that quickly burned out.
After a brief 24-hour surge that saw the $thenickshirley token reach as high as a $16 million valuation, the token now changes hands at just a $470,000 market capitalization, leaving Zora bulls defeated yet again.
Jesse Pollak, the creator of Ethereum Layer 2 Base, which is closely integrated with Zora, took to X to share the launch, where he said, “Excited to see zora continue to experiment to grow the onchain pie. zora creator tools remain fully operational on zora.co and in the zora app, all running on base.”