From Coin Telegraph
May 3, 2025 10:00 am:

Zora’s token launch leaves users disappointed as price tanks after controversial launch. Complaints range from poor communication to tokenomics, with only 10% reserved for user airdrop. The shift towards memecoins over NFTs signifies changing trends in the creator economy. Many creators question the future of NFTs for monetizing their work.

NFT sales continue to decline from 2021 peak, leading to creators leaving the space. Music-related NFTs take a hit as builder focus shifts away from creator platforms. Speculation-driven market caused decline in interest, shifting focus from art to financial transactions. Digital artifacts’ lasting value questioned by artists like Vérité and Latashá. The creator economy is shifting away from NFTs towards memecoins, but builders still see the power of blockchain technology. Some believe the focus should be on solving real problems rather than pushing Web3 tools. While some creators like Levy have endless conviction in NFTs, others like Vérité are more focused on finding new ways to connect with audiences. The future of the Web3 creator economy lies in the hands of artists themselves, who are building platforms for greater independence. Despite road bumps, the path forward points towards a more artist-centric future.

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1. Bitcoin hits new all-time high of $50,000, fueled by increasing institutional interest and mainstream adoption. The cryptocurrency’s market cap surpasses $900 billion, with analysts predicting further growth in the coming weeks.

2. Ethereum reaches new record price of $2,000, driven by the surge in decentralized finance (DeFi) applications and the upcoming launch of Ethereum 2.0. Market experts anticipate continued upward momentum for the second largest cryptocurrency.

3. Tesla invests $1.5 billion in Bitcoin, sending shockwaves through the financial world and boosting Bitcoin’s credibility as a mainstream asset. The electric car company also announces plans to accept Bitcoin as payment for its products in the future.

4. MicroStrategy completes $1.05 billion debt offering to fund additional Bitcoin purchases, highlighting the growing trend of corporate treasuries diversifying into cryptocurrencies. The business intelligence firm now holds over 71,000 Bitcoin in its treasury reserves.

5. PayPal introduces cryptocurrency checkout service for US customers, allowing them to pay with Bitcoin, Ethereum, and other digital assets at millions of online merchants. The move marks a significant step towards mainstream adoption of cryptocurrencies for everyday transactions.: After Zora airdrop goes awry, what’s next for Web3 creator economy?