Base’s creator coin experiment meets resistance after Nick Shirley launch
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Coinbase's Ethereum layer-2 Base faces backlash over its creator token experiment following YouTuber Nick Shirley's token launch on Zora. Despite a brief surge to a $9 million value, it fell to $3 million, with most trading from existing users. Critics argue the model's failure indicates a lack of demand for creator coins. Base's strategy is under pressure as developers express concerns over perceived favoritism and liquidity issues. CEO Brian Armstrong is engaging with the community for feedback.
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