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Yahoo
4 days ago
- Business
- Yahoo
The Top Coin Creator on Base's Zora Is Porn Company Fake Taxi
The taxi rides may be fake, but the coin is real. Reality porn company Fake Taxi has launched a 'creator coin,' a new spin on social tokens and meme coins, via Zora on Base. And it's speeding up the charts. Since rebranding to become the home of creator coins on Coinbase's Ethereum layer-2 network Base, Zora has introduced thousands of diverse creators to its platform, which 'coins' or creates a token for each post and profile created. None have been as successful as the Fake Taxi Coin, which trades as FAKETAXI, the token launched by the U.K.-based adult film company Fake Taxi. The company has been around since 2013, and makes roughly $8 million in yearly revenue from its content, according to data from RocketReach and Zoominfo. Trading at a $10 million market cap as of Thursday afternoon, Fake Taxi's token tops the Zora's creator charts, more than doubling the market cap of tokens for popular creator and artist Jack Butcher and the Zora co-founder Jacob Horne. 'FAKETAXI is the official token of Fully backed and supported by the original founders and owners,' an X account associated with the official Fake Taxi account posted in its 'Backseat Manifesto,' the official declaration of its token goals. 'As lovers of crypto and all things on-chain, we have been in the trenches alongside you, and now it is time to carve out our own path on the blockchain.' According to the manifesto, owning the token will provide holder perks like content leaks and storyboard discussions, with behind the scenes content and video chats with performers. The content will be made available to those in the 'Backset Billionaires Club,' a collection of holders that maintain at least 1,000,000 FAKETAXI tokens, or around $10,500 worth at current prices. The token has quickly gained in popularity, attracting more than 1,000 individual holders according to on-chain analytics tool DEXScreener since launching a couple weeks ago. The attention comes at a critical time in the token launchpad wars, as Zora aims to gain launchpad market share from leading platforms like and LetsBonk, which have been dueling for supremacy on the speedy Solana network for the last few months. Though previously dominated by LetsBonk surged to a leading market share in daily tokens created in early July, and has extended its lead since then. But that share has diminished, ultimately being flipped emphatically by on Wednesday when the platform launched 24,081 tokens, or six times more tokens than LetsBonk, according to data from the Memecoin Wars Dune dashboard. Zora has frequently surpassed that number since its pivot to creator coins, but not all tokens are created equal. Leading tokens from and LetsBonk, like FARTCOIN and USELESS, hold $995 million and $205 million market caps, respectively–far surpassing the $10 million market cap that FAKETAXI boasts for Zora. That's unlikely to deter FAKETAXI community members though, who have adopted the slogan, 'Don't ask where we're going, just get in.' 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Crypto Insight
05-08-2025
- Business
- Crypto Insight
DeFi will become the default financial interface
Opinion by: Vikram Arun, co-founder and CEO of Superform DeFi already moves billions of dollars daily, lets anyone create new assets in minutes and rewards users with yields that banks can't match. Using one app to find opportunities, another to bridge, a third to swap, a fourth to deposit and yet another to track your position — all while juggling wallets, chains and gas settings — doesn't feel like a financial revolution. It's more like a flight simulator where most pilots crash on the runway. That complexity must disappear if crypto upgrades global finance and surpasses the earliest risk-takers. But the answer isn't just another protocol. It's a re-architecture of how DeFi is built and used. One that pairs ownerless, composable infrastructure with productized, intuitive interfaces. This depends on two missing layers in today's DeFi stack: the Hyperstructure and the Superapp. Hyperstructures are the internet back-end of money The foundation of this new stack is what we call a hyperstructure. First theorized by Jacob Horne, hyperstructures are protocols that are free to use, valuable to govern and built to last. To support superapps, a hyperstructure must empower builders, as it rewards users and investors. It is permissionless and decentralized, with incentives to improve and add to the protocol. It is also free to use, but valuable to own and govern. Hyperstructures can be created for all kinds of use cases, like trading platforms like Uniswap and Curve, and creator networks like Zora and Farcaster. These platforms began as protocols and are now evolving into ecosystems, offering the backbone for the next generation of applications, aka the superapp. The most urgent frontier is building a hyperstructure for one of money's most basic functions: growing itself. Historically, the ability to grow wealth, through savings, investing and yield, has been heavily permissioned and gatekept. Crypto made transferring money permissionless. With hyperstructures, we can make growing money permissionless, too. DeFi's rapid growth revealed a problem. In scaling yield, many projects adopted models that leaned heavily on centralized APIs, privileged roles and opaque offchain arrangements. The experience appealed to a narrow cohort of users with high risk tolerance and institutional connections. It contradicted the core principles that made crypto valuable in the first place. Superapps support seamless UX on permissionless rails That's where the superapp comes in. It takes the fragmented chaos of DeFi and condenses it into a single, intuitive experience. For this to work, the earn layer needs dedicated infrastructure that expands access to yield while solving two key problems: discovery and execution. Discovery automatically surfaces a comprehensive menu of earning opportunities with reliable onchain data so issuers don't have to apply, promote themselves or rely on centralized listings. Execution compresses complex workflows into one atomic transaction, giving every user the same superpowers. Doing so requires separating the fast-moving product layer from a slower, neutral base that is naturally far more resilient and secure with a lower cost of capital. Anyone can deploy, extend or fork the base without requesting permission. Yet, it must still be able to ship modern primitives that rival the convenience of today's centralized platforms. DeFi that feels like fintech As the base layer standardizes, experience becomes the differentiator. Superapps turn raw infrastructure into products people want to use. You open the app and see familiar tools: 'Cash Now,' 'Savings,' 'Highest Return.' Tap one, and the app automatically bridges, swaps and deposits, all behind the scenes. The best superapps will win on speed, strategy, support and design. The hyperstructure is the engine; users fall in love with the car. Here's the catch: If we optimize only for experience and neglect neutrality, DeFi risks becoming fintech in disguise. Centralized vaults. Opaque risk. Silent governance. That's the danger. And that's exactly what hyperstructures are meant to prevent. Some will argue that users don't care about decentralization. Others will say good design justifies centralization. But crypto was never about short-term convenience; it was about long-term power. If we lose that, we lose the point. In the 2000s, few imagined streaming 4K video across devices over a single protocol. Today, it's second nature. The same will happen with money. People won't ask whether they're 'using DeFi.' They'll just be using money… on open, invisible, and unstoppable rails. DeFi doesn't scale as a patchwork of protocols. It scales as a new financial interface. Hyperstructures provide the foundation. Superapps deliver the experience. When they're aligned, the result is more than just better apps. It's a better system. Opinion by: Vikram Arun, co-founder and CEO of Superform. Source:
