Zora Network, an Ethereum Layer-2 blockchain built on OP Stack, redefines the NFT landscape by prioritizing artists and creators. Zora offers a social media-like platform for minting, trading, and managing NFTs with near-zero fees (under $0.5) and lightning-fast transactions. This article will explore this network and its token.
What Makes Zora Network Unique?
Launched in June 2023, it has facilitated over 4 million NFT mints by 900,000+ users, driving $376M in secondary trading volume.
- Creator-Centric: Ensures on-chain royalties and supports non-custodial listings, empowering artists to retain control and earnings.
- Scalable Infrastructure: Leverages Optimism’s OP Stack for secure, low-cost transactions while maintaining Ethereum compatibility.
- Ecosystem Tools: This section features the Zora V3 Marketplace, Coins Protocol for ERC-20 tokens, and developer kits like Zora API and NFT Rendering.
- Multi-Chain Reach: Integrates with Ethereum, Base, Arbitrum, and more, enhancing accessibility.
$ZORA Token: A Community Milestone
On April 23, 2025, Zora launched its native $ZORA on Base, Coinbase’s Layer-2, with a 10 billion total supply (3 billion circulating initially). Described as a “memecoin for fun,” $ZORA offers no governance rights but aims to deepen community engagement and fuel on-chain creativity.
- Airdrop Details: 10% (1 billion $ZORA) allocated for retroactive airdrops based on two snapshots (Jan 2020–Mar 3, 2025, and Mar 3–Apr 20, 2025).
- Controversy: Posts on X criticize the 65% allocation to the team, treasury, and early investors, sparking debates over fairness despite Zora’s “for fun” branding.
- Availability: Accessible on Binance Alpha, with eligible users receiving 4,276 $ZORA.
Why Zora Matters
With $60M raised from investors like Coinbase Ventures and a growing creator economy, Zora Network is poised to dominate the NFT space. The $ZORA token could drive liquidity and innovate content monetization, reshaping on-chain media.
Join the Zora revolution! Mint NFTs or explore $ZORA on Base today!
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