Zora
ZORA
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Zora Info
Zora Intro
Zora, launched in 2020, initially operated as an NFT minting and trading platform similar to Opensea. However, as the NFT market evolved, Zora pivoted its focus. With years of development, Zora launched its own Layer 2 network based on the OP Stack and repositioned itself as an on-chain social network, incorporating the tokenization of posts as a key feature.
On Zora, every user can create a post, which is minted as a tradable ERC-20 token. The total supply of tokens for each post is capped at 1 billion, and upon creating a post, users automatically receive 10 million tokens associated with it. Creators earn a 1% fee from every transaction involving their post tokens, providing them with an ongoing revenue stream from secondary market activity.
Zora has raised over $52 million in total funding. The company’s seed round in October 2020 secured $2 million, led by Kindred Ventures with participation from Coinbase Ventures and others. In March 2021, Paradigm invested, though the amount was undisclosed. Zora’s most recent funding round in May 2022 raised $50 million, with a $600 million valuation, led by Haun Ventures and supported by Coinbase Ventures and Kindred Ventures.
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Q&A about Zora Tokenomics
Explore the tokenomics of Zora(ZORA) and review the project details below.
What is the allocation for Zora(ZORA)?
The total supply of $ZORA is set at 10 billion tokens, with specific allocations across various categories. Incentives, including future grants, hackathons, and usage rewards, will be distributed over time and are not subject to lockup restrictions. An airdrop will distribute tokens to the Zora community, including creators, collectors, and developers, without any lockup period. Liquidity provisioning for exchanges and market makers is also unrestricted. The treasury allocation, aimed at supporting the company and brand, will unlock monthly over 48 months starting six months after the token generation event (TGE). Tokens for the team and investors, both key to Zora's development, will unlock monthly over 36 months, beginning six months after TGE.
What is the supply schedule for Zora(ZORA)?
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Zora, launched in 2020, initially operated as an NFT minting and trading platform similar to Opensea. However, as the NFT market evolved, Zora pivoted its focus. With years of development, Zora launched its own Layer 2 network based on the OP Stack and repositioned itself as an on-chain social network, incorporating the tokenization of posts as a key feature.
On Zora, every user can create a post, which is minted as a tradable ERC-20 token. The total supply of tokens for each post is capped at 1 billion, and upon creating a post, users automatically receive 10 million tokens associated with it. Creators earn a 1% fee from every transaction involving their post tokens, providing them with an ongoing revenue stream from secondary market activity.
Zora has raised over $52 million in total funding. The company’s seed round in October 2020 secured $2 million, led by Kindred Ventures with participation from Coinbase Ventures and others. In March 2021, Paradigm invested, though the amount was undisclosed. Zora’s most recent funding round in May 2022 raised $50 million, with a $600 million valuation, led by Haun Ventures and supported by Coinbase Ventures and Kindred Ventures.