Big news for NFT and crypto enthusiasts! The Ethereum-based NFT and tokenization coins protocol, Zora, has officially announced plans to launch its very own token—ZORA—this spring. If you're a creator, collector, or builder in the Zora community, you might just be in for a treat!
Zora has been on a mission for years, making it easier to bring creativity on-chain through tokenization coins. Now, to celebrate its growth, the protocol coin is giving back to its loyal community. A whopping 1 billion ZORA tokens—10% of the total token supply—will be airdropped to creators, collectors, and builders. If you were active before the March 3 snapshot, you’re already on the list!
But that’s not all. A second snapshot is scheduled to take place three days before the official ZORA token launch. While the exact date is still under wraps, this means more chances for users to qualify for the token drop.
Aside from the airdrop, Zora is setting aside another 20% of the total token supply for future community incentives, including hackathons and grants. The remaining allocation? The token company has structured it to ensure long-term sustainability:
A detailed breakdown of tokenomics can be found on the project's official support page.
Since its launch, Zora has facilitated NFT trading volume worth over $376 million, with more than 2.4 million wallets engaging in NFT and token collections. The platform took a major step in scaling by launching its own Ethereum layer-2 network in June 2023 to combat high gas fees.
More recently, Zora introduced a feature allowing users to create their own tokens, which can be traded on Ethereum’s leading decentralized exchange, Uniswap, making it even easier to dive into the world of token coin trading.
With this major announcement, Zora is making a bold move in the NFT and tokenization space. The protocol coin is not only strengthening its ecosystem but also empowering creators and builders with more tools and rewards. Whether you're into NFT trading volume or exploring the potential of tokenization coins, Zora’s upcoming token launch is something to watch.
Stay tuned for updates on the second snapshot and official launch date. In the meantime, if you were active in the Zora ecosystem before March 3, check if you’re eligible for the free ZORA token drop!
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