jakiro
author:Mohamed Allam, Messari; Compilation: bitchain vision
Recently, Pump.fun live broadcast has made a breakthrough for the first time.A token called Bagwork has a market value of nearly $50 million in just two days.
Bagwork’s duo is totally addicted to the live “degenerate”: running naked at football games, tattooing on tattoos when market caps peak, leaking Drake’s songs, and playing tricks that most people will never touch.
It is this chaos that makes Pump.fun unique.It’s an omnipotent platform and it has great potential for creators.This is a perfect stage for a new generation of “degenerate youth” who are thriving on such content.
The reality may be sad, but Pump.fun knows it well-this team is in their early twenties and they know what the next generation wants.
The Bagwork team received nearly $200,000 in creator commission without selling any tokens.Pump.fun’s model is to let creators take commissions from each transaction, meaning they can make money without damaging the interests of the community.This does not completely eliminate the phenomenon of “running away”, but with such benefits, the incentive mechanism will change.From a game theory perspective, if anchors want to develop in the long term, they have more reason to continue to attract viewers and traders to use their tokens, thereby achieving stable income.
The real challenge for Pump.fun is finding professional anchors, not those opportunists who chase fast money.
Objectively speaking: the two-day income of the Bagwork team is equivalent to the usual income of the top Twitch anchors in one month.Pump.fun breaks this timeline, allowing creators to communicate directly with the audience without the need for middlemen.Everyone can get paid for the anchor creation, the audience transaction.
Live broadcast itself is still in its infancy.In the past decade, live streaming has truly ushered in an explosion as Fortnite and League of Legends anchors went online on Twitch.Pump.fun is trying to shorten the entire growth curve, striving to complete the results that Twitch has only been built in a decade in one or two years.The road ahead is simple: attract the right anchor and keep users engaged.If they can provide the right incentive mechanism, Pump.fun is expected to become the largest consumer application in the cryptocurrency space.Otherwise, it may decline as rapidly as it rises.
