Creator Token Sparks Heated Debate Among Public Chain Pros, ZORA Token Big Pump Raises Questions

Recently, the crypto community has engaged in a heated discussion around “creator tokens.” The core of this debate lies in whether creator tokens have actual value and whether they are merely speculative tools that do not bring any real change.

The controversy originated from a researcher’s public questioning of a certain social networking platform. This platform operates within a public blockchain ecosystem and aims to help creators profit by tokenizing user profiles and posts. However, this researcher believes that most tokens issued on automated market makers, which have extremely low liquidity, are essentially still “garbage coins.”

This statement quickly sparked a confrontation between the founders of two major public chains. One side insists that the content and the creators themselves have inherent value, while the other questions whether these Tokens actually grant holders any substantial rights.

Both sides engaged in a heated debate on social media. Supporters emphasized the inherent value of content, arguing that it still holds value even without direct profit sharing. Opponents questioned how to quantify this value and doubted whether creators selling their tokens truly benefits retail investors.

The debate ultimately ended with both sides holding their own opinions. Interestingly, a public chain founder who once vigorously promoted his own ecological meme coin stated this time that meme coins and NFTs are “digital trash” with no intrinsic value.

At the same time, the relevant Token has seen an astonishing rise of 883% in the past month. This wave of market movement is driven by upgrades in ecosystem functionality and benefits from the launch of perpetual contracts on major trading platforms. The number of creators and the number of issued Tokens on the platform have both reached all-time highs.

However, on-chain data analysis shows that there are some concerning issues with the trading situation of the token. The contract trading volume far exceeds the spot trading, and there is a lack of large transaction records on-chain, raising concerns about market manipulation.

This debate not only reflects the deep divisions within the crypto world regarding the essence of “creator Tokens”, but also mirrors the complex competitive relationships and ideological differences between various public chain camps. It highlights the ongoing struggle for value definition in the cryptocurrency space, embodying the tension between ideals and reality, belief and skepticism.