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Zora

Category: Layer 2, NFT Marketplace

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Overview

Total XP Rewards

60

Estimated Rewards

$25M

Funding

$60M

Current Stage

Season 1

Total value locked

-

Unique Users

900,000

Chains

chain imagechain imagechain imagechain imagechain image

Phase

Mainnet

Structure

-

Gas

Yes

Grade

A

Tasks

0/3

TGE

Q1-2025

Type

Layer 2

Confirmed

Yes

Date

10 months ago

Introduction

  • Zora is a decentralized marketplace and protocol for creators to mint, sell, and trade NFTs.
  • Zora provides a platform where artists and creators can maintain control over their digital works, ensuring provenance and facilitating direct transactions with buyers. This approach promotes a more equitable distribution of value by reducing intermediaries and giving creators more autonomy over their assets.

 

Tasks

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Fundamentals

  • Decentralized Marketplace: Zora provides a platform for creators to mint, sell and trade NFTs directly without intermediaries.
  • Creator Empowerment: By leveraging blockchain technology, Zora ensures that creators maintain control over their digital assets, including ownership and provenance.
  • Open Protocol: Zora's open-source protocol enables developers to build on top of it, fostering innovation and expanding the ecosystem.
  • NFT Minting and Trading: Creators can mint unique NFTs, which can then be sold or traded in a decentralized manner.
  • Revenue Models: Zora allows creators to set their own terms for sales, including royalties on secondary sales, ensuring continuous revenue streams.
  • Interoperability: Zora is designed to be interoperable with other platforms and protocols within the blockchain ecosystem, enhancing its utility and reach.

Zora network is L2 built on top of Ethereum using the OP stack.

  • Ethereum-based platform
  • Utilizes ERC-721 standard for NFTs
  • Decentralized network
  • Transactions are immutable on the Ethereum blockchain
  • Relies on smart contracts for operations
  • Users pay Ethereum gas fees
  • NFTs are interoperable with various platforms
  • Integrates with Web3 technology
  • Faces scalability challenges

 

Potential Rewards

  • Zora reserves the right to airdrop rewards and users may need to claim rewards using their eligible wallet.
  • Investors can profit from the appreciation of Zora's native token or NFTs traded on its platform.
  • Creators earn royalties on secondary sales of their NFTs, ensuring a continuous income stream.

 

Zora Milestones:

  • Over 4 million NFTs minted.
  • Secondary sales surpassing $300 million.
  • Over 900,000 unique collectors.
  • Highest sale recorded at $7.5 million.

 

On-chain Metrics: Following specific metrics can place users in the top 15% of users.

  • Active months: 3
  • Unique days: 10
  • Unique mints: 20
  • Create your own collection.
  • Mint Zora Campaign.

 

Investors

  • Coinbase Ventures
  • Katie Haun
  • Kindred Ventures
  • Variant Fund

Audit

  • OpenZeppelin
  • Trail of Bits

 

Features

  • Dynamic Pricing Mechanism: Zora uses a "zNFT" (Zora NFT) model that incorporates dynamic pricing, allowing the price of NFTs to change based on supply and demand. This can include mechanisms like bonding curves.
  • Auction House: Zora offers an integrated auction system where creators can list their NFTs for bidding, allowing market-driven pricing.
  • Creator Royalties: Zora ensures creators receive royalties on secondary sales of their NFTs, providing ongoing revenue streams whenever their work is traded.
  • Protocol Flexibility: Zora’s protocol is designed to be highly flexible and modular, enabling developers to build and integrate custom applications and features on top of it.
  • Flexibility in Listings: Creators have multiple options for listing their NFTs, including fixed-price sales, auctions, and reserve auctions, offering greater control over the sale process.
  • Media Registry: Zora includes a media registry that helps in tracking and verifying the provenance and authenticity of digital assets, enhancing trust and transparency.
  • Community-Owned and Operated: Zora aims for a community-driven model, potentially incorporating decentralized governance to give users a voice in platform decisions.
  • Open Source: The platform’s code is open source, promoting transparency, security, and collaborative development.

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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