Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Best 10 Crypto Casinos | Stay safe and EXPLORE! 2025

    May 14, 2025

    Best 10 Bitcoin Casinos | The SAFEST OPTIONS! | Check out NOW! 2025

    May 14, 2025

    Solana eyes $200 as improving DeFi metrics signal more upside

    May 14, 2025
    Facebook X (Twitter) Instagram YouTube
    X (Twitter) Instagram YouTube LinkedIn
    Block Hub News
    • Lithosphere News Releases
    • Altcoins
      • Bitcoin
      • Coinbase
      • Litecoin
    • Crypto
    • Ethereum
    • Blockchain
    Block Hub News
    You are at:Home » Ethereum NFT platform Zora to launch token on Apr. 23
    Crypto

    Ethereum NFT platform Zora to launch token on Apr. 23

    James WilsonBy James WilsonApril 21, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Zora, the Ethereum-based platform known for its creator-friendly approach to non-fungible tokens and onchain content, has announced it will launch its long-awaited token, ZORA, on Apr. 23, 2025.

    According to an Apr. 21 post shared on X, the token distribution will be based on two snapshots of user activity. The first snapshot covers contributions from Jan. 1, 2020, to Mar. 3, 2025, while the second includes activity up to Apr. 20, 2025.

    These snapshots will help determine eligibility for a retroactive airdrop, part of a wider strategy to reward long-time creators, collectors, developers, and participants in the Zora ecosystem.

    Zora previously revealed details for its native token in March, describing ZORA as “a memecoin for the Zora community.” The token will launch on Base, Coinbase’s layer-2 network, instead of Zora’s own L2. This decision appears to be a move toward better accessibility and onboarding for new users, as Base has become a growing hub for onchain social apps and memecoins alike.

    The total supply of ZORA will be 10 billion tokens. Of that, 10% has been reserved for the retroactive airdrop. An additional 20% is set aside for future community incentives like grants and hackathons. 5% will go toward providing liquidity. 

    The Zora treasury will receive 20%, which will unlock gradually over four years after a six-month delay. Team members will receive 18.9%, which will vest monthly over three years with a similar delay. Finally, 26.1% will be distributed to strategic contributors, including early investors and advisors.

    The ZORA token is intended for community use and will not carry any governance rights or equity claims. Still, its launch represents a major milestone in Zora’s journey from an experimental NFT platform into a fully-fledged onchain social network. 

    Over the past few years, Zora has introduced tools like Open Editions and auction houses, hosted record-breaking NFT sales, and enabled millions of dollars in creator earnings. Most recently, it has focused on its “Coins” feature, turning every post into a tradeable token on Base.

    Since its inception, Zora has attracted over 2.4 million collectors and more than 618,000 creators, driving upwards of $376 million in secondary volume, as per its March token launch announcement. The ZORA token now becomes another way for the platform to deepen its engagement with users and experiment with new forms of value distribution. Claim details are expected to follow in the coming days.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleIMF approves El Salvador’s $1.4B loan but imposes bitcoin restrictions
    Next Article An update on Devcon 6, and something new…
    James Wilson

    Related Posts

    Best 10 Crypto Casinos | Stay safe and EXPLORE! 2025

    May 14, 2025

    Best 10 Bitcoin Casinos | The SAFEST OPTIONS! | Check out NOW! 2025

    May 14, 2025

    Solana eyes $200 as improving DeFi metrics signal more upside

    May 14, 2025
    Leave A Reply Cancel Reply

    Demo
    Latest Posts

    Best 10 Crypto Casinos | Stay safe and EXPLORE! 2025

    May 14, 20250 Views

    Best 10 Bitcoin Casinos | The SAFEST OPTIONS! | Check out NOW! 2025

    May 14, 20250 Views

    Solana eyes $200 as improving DeFi metrics signal more upside

    May 14, 20250 Views

    5 Best Business Banking Companies – India | Check NOW! 2025

    May 14, 20250 Views
    Don't Miss

    TAO and Arbitrum investors rush to buy into 1Fuel presale before anticipated rally

    By Isabella TaylorApril 22, 2025

    For years, Arbitrum and TAO have dominated the market as two of the best altcoins…

    Slasher Ghost, and Other Developments in Proof of Stake

    April 24, 2025

    Bitcoin breaks $93,000 amid rumors that Saudi, UAE, or Qatar is buying

    April 23, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo
    X (Twitter) Instagram YouTube LinkedIn
    Our Picks

    Best 10 Crypto Casinos | Stay safe and EXPLORE! 2025

    May 14, 2025

    Best 10 Bitcoin Casinos | The SAFEST OPTIONS! | Check out NOW! 2025

    May 14, 2025

    Solana eyes $200 as improving DeFi metrics signal more upside

    May 14, 2025
    Most Popular

    TAO and Arbitrum investors rush to buy into 1Fuel presale before anticipated rally

    April 22, 202528 Views

    Slasher Ghost, and Other Developments in Proof of Stake

    April 24, 202519 Views

    Bitcoin breaks $93,000 amid rumors that Saudi, UAE, or Qatar is buying

    April 23, 202510 Views
    © 2025 - 2026

    Type above and press Enter to search. Press Esc to cancel.