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Zora moves onto Solana with “attention markets” for trading internet trends

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(Zora)

On-chain social platform and decentralized protocol Zora is making a decisive shift beyond its non-fungible tokens (NFT) and creator roots with the launch of “attention markets” on Solana, a product that allows users to trade tokens tied to internet trends, memes and cultural moments.

The feature, unveiled Feb. 17, lets anyone create a new market for 1 SOL. Once live, users can buy and sell positions on whether a topic will gain or lose traction across social media.

Instead of wagering on elections or macro data, traders speculate on buzz itself — such as hashtags, viral narratives, even broad themes like “AI girlfriend” or “bitcoin.”

The design leans heavily into Solana’s strengths. Fast block times and low transaction costs make it easier to support rapid price updates and frequent trading, which are essential for markets built around fleeting online momentum.

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Initial activity was limited, however. The primary “attentionmarkets” token briefly touched roughly $70,000 in market capitalization, with around $200,000 in trading volume. Most other trend markets struggled to attract meaningful liquidity, with few crossing the $10,000 mark in their first day.

(Zora)

Percentage swings were sharp, though largely driven by thin order books rather than sustained demand.

Zora was among the breakout applications on Coinbase’s Layer 2 Base network in the past few years. It launched its ZORA token there in April, and helped roll out Creator Coins tied to Base profiles in July, a push that briefly helped Base overtake Solana in daily token creation.

Creator coins are tokens tied to an individual creator’s online profile, brand or community. Think of them as tradable “shares” in a person’s internet presence.

On platforms like Zora and Base, a creator coin could be automatically generated from a user’s profile. Fans could buy the coin to signal support, gain social clout, or speculate that the creator’s popularity would grow. As more people bought in, the price could rise, and interest faded, it could fall.

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As such, some in the Base community saw the new “attention markets” product as a pivot away from that momentum.

Jacek Trociński, the developer behind Base memecoin Degen, called it “really disappointing” to see Zora move to Solana. Veil Cash builder Apex777.eth was harsher, accusing Zora of “extracting” value from Base before switching networks.

Meanwhile, Base creator Jesse Pollak said Zora’s creator tools remain “fully operational” on the network.

As speculation moves beyond price charts and into cultural data, platforms like Zora are testing whether attention itself can become memetic and deeply tied to the internet’s real-time financial pulse.

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Crypto World

Peter Thiel’s Founders Fund Exits ETHZilla as Ether Treasuries Strain

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Peter Thiel’s Founders Fund Exits ETHZilla as Ether Treasuries Strain

Billionaire tech investor Peter Thiel’s Founders Fund has fully exited Ether treasury company ETHZilla, according to a Tuesday filing with the United States Securities and Exchange Commission (SEC). 

Entities linked to Thiel now report owning zero shares in the company in a 13G amendment filed on Tuesday, after disclosing a 7.5% stake on Aug. 4, 2025. 

At that time, the group beneficially owned 11,592,241 shares of what was then known as 180 Life Sciences Corp., representing 7.5% of the 154,032,084 shares outstanding and worth about $40 million based on trading at around $3.50 per share in early August.

Founders Fund 13G Filing with SEC. Source: SEC

180 Life Sciences rebrands to ETHZilla

180 Life Sciences raised $425 million in July 2025 to launch an Ether treasury strategy and rebrand as ETHZilla. 

The company later moved to raise another $350 million via convertible bonds in September to expand its Ether (ETH) holdings and deploy them across decentralized finance (DeFi) and tokenized assets, at one point holding more than 100,000 Ether.

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Related: Bitmine’s staked Ether holdings point to $164M in annual staking revenue

ETHZilla began unloading tokens as markets turned, liquidating 24,291 Ether for $74.5 million in December 2025 at an average price of $3,068.69 per token, to repay debt, leaving about 69,800 ETH on its balance sheet.

Strain on Ether treasury company models

Thiel’s exit is the latest stress signal for public companies with crypto treasuries built around Ether rather than Bitcoin (BTC). 

Other large Ether accumulators are taking different approaches. BitMine Immersion Technologies, the largest listed Ethereum holder, acquired a further 40,613 ETH on Feb. 9, lifting its total holdings to more than 4.325 million ETH, worth about $8.8 billion at current prices.

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Trend Research, on the other hand, began unwinding its entire Ethereum position this month, selling 651,757 ETH for about $1.34 billion on Feb. 8, locking in an estimated $747 million realized loss.

ETHZilla has since tried to diversify by launching ETHZilla Aerospace, a subsidiary offering tokenized exposure to leased jet engines. However, Thiel’s exit magnifies how volatile Ether‑heavy treasury strategies have become in a market still digesting last year’s peak.

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