our take on creator capital markets and how it applies to xFractal: what’s happening on pumpfun with livestreaming + creator fees is bigger than a streaming meta. think of this: instead of paying to be seen, you get paid because you are seen. and wait until the stream meta changes online content forever. it’s a new distribution + funding model. this fundamentally tilts the odds in favor of builders, especially startups. traditional models: - ads/traditional marketing ($$) for distribution. - fundraising for capital. - community for engagement. - burn years stitching them together. pumpfun/ccm: - stream → attention. - attention → trading. - trading → creator fees. - creator fees → runway. - runway → more building, more attention. for twitch, it's subs. for youtube, it's ads. for pumpfun, it's creator fees. subs are charity. ads are tax. creator fees are flow. they monetize activity directly and fairly. the narrow read: “for creators" is the wrong scope. we think it's rather a balance sheet, attention and distribution weapon for builders. ...