TechFlow news — On November 5, crypto investigator ZachXBT responded to notzachxbt's article about the deployment of the ERC-20z token by ZachXBT. He stated that Zora’s user interface currently does not inform creators that an ERC-20 token will be launched upon completion of an open edition NFT mint, and he provided screenshots as evidence. He added that if people continue mentioning him in posts, he may dilute the discussion further by releasing additional mints without end dates, and possibly take other actions such as replacing artworks on Zora with blank images. "I never intended for people to speculate on investigations—my goal was simply to create a free digital collectible that could be permanently archived on the blockchain" (e.g., see my previous Mirror articles).
Earlier on November 5, notzachxbt posted on social media that well-known on-chain investigator ZachXBT had deployed an ERC-20z token on the Base network on August 19, 2024. The token automatically created a liquidity pool via the Zora protocol, forming part of ZachXBT’s latest investigative report utilizing Zora’s new standard. Approximately 2,800 tokens were minted. Upon completion of the mint, the contract automatically deployed the tokens along with a portion of ETH revenue into a locked liquidity pool. All fees are owned by ZachXBT. For the first two weeks after minting, the market cap remained below $10,000 before attracting trader attention. Most of the liquidity is controlled by a DAO multisig wallet. A community has formed around the token among ZachXBT supporters, creating memes, Telegram groups, Twitter accounts, and even bridging the token to the Solana network for trading.
