Zora Labs放弃了其治理令牌模型，并在令牌的价值及其发行人之间创造了巨大的裂痕。

自六天前推出以来，Zora的价格下跌了55％，将所有令牌的价值（无论是市场上的代币）的价值降至1.5亿美元左右。

Traders are ditching onchain social network Zora’s token and creating a huge rift between the token’s value and its issuer.

交易者正在抛弃OnChain社交网络Zora的代币，并在代币的价值及其发行人之间创造了巨大的裂痕。

The price of Zora (ZORA) has plummeted 55% since it launched six days ago, sending the value of all tokens — both those on the market and yet to be released — to around $150 million.

自六天前推出以来，Zora（Zora）的价格下跌了55％，这使所有代币的价值（无论是市场上的代币且尚未发行）的价值约为1.5亿美元。

That’s $450 million less than the valuation of Zora Labs, the firm behind the network. Following a fundraising round in 2022, the venture fetched a valuation of $600 million.

这比网络背后的公司Zora Labs的估值低4.5亿美元。在2022年筹款之后，该合资企业的估值为6亿美元。

The gap between these valuations could spell trouble for venture firms that have backed Zora Labs. Although crypto firms usually clarify that equity and tokens are separate assets, investors, as a matter of practice, often factor token prices into their valuations.

这些估值之间的差距可能会为支持Zora Labs的风险投资公司带来麻烦。尽管加密公司通常会澄清，股权和代币是单独的资产，但在实践中，投资者通常将代币价格纳入其估值中。

At a minimum, the split in values so

至少，值拆分