Zora is a blockchain social platform that allows users to create, share, and save content of other users in the form of NFT by minting it on Zora and paying the minting fee to the creator. For the purpose of cheaper gas fees when minting or transferring NFTs, Zora established its own L2 chain network. In this way, the platform offers users the best experience of interacting with its app possible.
Since its launch in 2021, the platform has managed to attract a significant $60M in funding from prominent inventors such as Paradigm, Coinbase Ventures, and others.
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Zora is a web3 social app enabling artists to earn a fair share of the resale value of their work with NFT technology. When a user wants to save any art generated by the content creator on the platform, it mints the NFT of that art on Zora, paying fees to the protocol which later gets redistributed to the artist. A year later after launch, it established its own Zora chain aiming to create a robust environment for cheap NFT mints on its platform.
Although there is no information on the company’s plans to release its own token, strong rumors have emerged that a Zora token airdrop may occur in the coming months. Therefore, our team has put together a comprehensive guide on how to participate before it’s too late.
<a href="https://coinlaunch.space/projects/zora/" title="Zora Network (ZORA)" target="_blank"><img src="https://coinlaunch.space/media/widgets/0/zora.png" width="224" alt="Zora Network (ZORA)"></a>