ZORA token faces utility criticism from ZachXBT

Blockchain analyst ZachXBT questioned on X the utility of the newly launched ZORA token, calling it "vapor" and criticizing its existence given Zora’s $60 million in funding and $600 million valuation. The comments follow Zora’s tokenomics announcement, which clarified that the ZORA token is "for fun only" and offers no governance or equity rights.