Zora (ZORA) Coin Overview

Zora Network is a decentralized NFT platform built on Ethereum. It allows creators to share, and monetize digital art, such as images and videos.

Zora's Layer 2 infrastructure makes creating NFTs more efficient than Ethereum. By using Ethereum as a foundation, Zora ensures security, while the OP Stack enhances its ability to scale. Transactions on the Zora chain are quicker and less expensive. This makes it easier for independent artists, musicians, and digital brands to create their own NFTs.

The platform allows seamless bridging of assets from Ethereum (Layer 1) to Zora (Layer 2), typically within minutes. Once transferred, users can mint NFTs directly on the Zora Network. Smart contracts power auctions, assign NFT ownership, and enforce royalty payments on secondary sales. These mechanisms ensure transparency and automate value distribution among stakeholders.

The Zora platform provides tools that users can utilize. You can personalize your profile, leave public comments, and see a feed with trending NFTs. This helps you interact with others and discover new things. These features make the ecosystem more social and encourage people to get involved in the community.

Zora platform focuses on artistic freedom over financial speculation. Unlike other Layer 2 networks designed for decentralized finance (DeFi), Zora focuses on fostering cultural engagement and digital ownership. This artistic approach has attracted creators from various fields who value genuineness and freedom of expression.

The platform supports permissionless minting, which means anyone can create NFTs without needing approval from anyone else. With feedback and personalization tools, users have full control over how they present and interact with their digital identities.

The June 2023 release of Zora's EVM-compatible Layer 2 marked a key milestone. It allowed the team to pilot fee subsidy models and explore new economic mechanisms. These experiments align with Zora’s vision to in a perpetual manner improve opportunities for its user base.

Zora's Network native token, $ZORA, is to launching on April 23, 2025. The token distribution will occur via an airdrop for all eligible users. Users can claim 10% of the total coin supply as an airdrop.

The team will launch the token on Base, a layer 2 blockchain developed by Coinbase. The ZORA coin will be a way for people to participate in the management of the platform. The token will also encourage more people to use the platform, making it a valuable tool in the ecosystem.