Ethereum Layer 2 network Zora has officially announced the launch of its native token, ZORA, scheduled for April 23, 2025. According to the announcement made on the morning of April 21, two key snapshots for the token distribution have been completed.
The first snapshot recorded user activity from January 1, 2020, to March 3, 2025. The second snapshot collected data from March 3 to April 20, 2025. These datasets will serve as the basis for determining ZORA token eligibility for users who have interacted with the platform.
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Zora began as a decentralized NFT protocol that enabled artists and creators to turn their artwork, music, videos, and podcasts into NFTs for direct trading with users. More than just a standard NFT marketplace, Zora provides specialized tools to optimize royalties for each collection.
Unlike many Layer 2 solutions focused on DeFi, Zora Network is dedicated to developing a Web3 space where artists can freely create, own, and share their work without limitations.
Since its launch in 2023, Zora Network has achieved:
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Over 83.7 million transactions
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548,180 active wallet addresses
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More than 6,420 ETH bridged to the network
Recently, Zora has expanded beyond NFTs into token issuance, allowing each post to be minted as a tradable ERC-20 token directly on Uniswap. Instead of using the traditional ERC-1155 NFT standard, users can now mint posts as ERC-20 tokens and automatically list them on Uniswap, enabling instant trading without complex steps.
Zora has successfully raised $60 million across three funding rounds from top-tier investment firms such as Haun Ventures, Kindred Ventures, and Coinbase Ventures, reaching a valuation of $600 million.
