Étienne Girard
Zora has announced plans to release its own memecoin on Base Network, an Optimism-powered Layer 2 network, in the coming months. According to Monday’s statement, the token is intended solely for entertainment purposes, and holders will not receive any governance rights.
The first ZORA snapshot was taken on Monday, with a second scheduled three days before the official airdrop, expected in spring 2025. The total token supply is 10 billion, distributed as follows:
- 26.1% allocated to contributors
- 20% designated for incentives
- 20% reserved for the treasury
- 18.9% allocated to the Zora team
- 10% set aside for retroactive airdrops
- 5% dedicated to liquidity maintenance
Zora’s Role in Onchain Media and Creator-Focused Infrastructure
Founded in 2020, Zora operates as a universal media registry protocol built using Optimism’s technology stack. The team launched the Zora Network in 2023, focusing on decentralization and creator empowerment.
“Zora has been instrumental in bringing creators and builders onchain. Our team’s product and protocol innovations have been widely adopted,” Zora wrote on X (formerly Twitter). “Today, our ecosystem includes teams developing exciting consumer applications on the Zora protocol, leveraging powerful SDKs with integrated business and distribution models.”
Funding and Market Valuation
In May 2022, Haun Ventures led a $50 million funding round, valuing Zora at $600 million. This investment reinforced the protocol’s mission to empower creators and builders in the decentralized media landscape.
As the official launch date for ZORA memecoin approaches, the project continues to expand its influence within the onchain creator economy, integrating Web3 tools with a growing developer and user community.
