Zora Shakes Up the NFT World: New ZORA Token Drops with a Massive Billion-Dollar Airdrop!
Jakarta, Pintu News – Zora, the Ethereum (ETH)-based platform known for its creator-enabled approach, has announced the long-awaited launch of its ZORA token on April 23, 2025.
The launch is expected to change the dynamics of the NFT market and strengthen Zora’s position as a leader in blockchain innovation.
Zora Launches ZORA Token with a Total Supply of 10 Billion
Zora has taken a big step by choosing to launch the ZORA token on Base, Coinbase’s layer-2 network, rather than on its own layer-2. This decision was taken to ease access and onboarding of new users, given that Base has become a growing hub for onchain and memecoin social applications.
Read also: Don’t Miss Out: Top 3 Crypto Airdrops Ready for the Taking!
The ZORA token, dubbed as “memecoins for the Zora community,” is expected not only as a transaction tool but also as a new means of social interaction within the Zora ecosystem.
Zora has set a total token supply of 10 billion ZORA, with 10% of that allocated for a retroactive airdrop. This airdrop is designed to reward existing users who have contributed since the beginning.
In addition, another 20% is set aside for future community incentives such as grants and hackathons, while 5% will be used to provide liquidity.
Zora Offers a New Way to Interact
Since its founding, Zora has attracted more than 2.4 million collectors and over 618,000 creators, with secondary volume reaching over $376 million. The platform has introduced various tools such as Open Editions and auction houses, and held record-breaking NFT sales.
Recently, Zora has been focusing on their “Coins” feature, which turns every post into a token that can be traded on Base. This activity shows Zora’s commitment to continuously innovate and empower creators.
With the launch of ZORA, Zora not only strengthens its ecosystem but also offers new ways for users to interact and get value from their work. This marks a major step in Zora’s journey from an experimental NFT platform to a full-fledged onchain social network.
Investor Enthusiasm for ZORA Token Launch
The launch of ZORA has generated great anticipation among investors and users, which is evident from the pre-market trading volume of around $0.03 per token.
With a full market capitalization estimated at around $300 million, ZORA promises significant growth potential.
Binance, one of the largest crypto exchanges, has also announced that it will list ZORA on Binance Alpha on the launch date. However, this launch is not free from controversy.
An incident with Base, where a post was converted into an ERC-20 token, has raised concerns about transparency and potential “pump and dump” schemes.
Although Base denied that the tokens were memecoins or part of a “pump and dump” scheme, this incident has raised questions about the security and stability of Zora-related projects.
Overall, with the launch of the ZORA token, Zora not only reinforces its commitment to innovation and creator empowerment but also opens a new chapter in blockchain social interaction.
Despite the challenges and controversies, the launch is expected to bring more participation and innovation in the NFT ecosystem and blockchain more broadly.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- BeInCrypto. Zora Announces Token Launch Date. Accessed on April 22, 2025
- Blockchain News. Zora Cryptocurrency Launch Date Announced for April 23, 2025. Accessed on April 22, 2025
- Crypto News. Ethereum NFT Platform Zora to Launch Token on Apr 23. Accessed on April 22, 2025
- NFT Evening. Zora Announces TGE and Airdrop. Accessed on April 22, 2025
*Featured Image: IQ.Wiki
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