Ethereum-Powered NON-FUNGIBLE TOKEN Platform Zora Set to Launch Soon with In-House $ZORA Token

On April 21, 2025, the Zora protocol, which operates on the Ethereum blockchain, revealed the much-anticipated launch of its crypto token, $ZORA, set for April 23, 2025.

Zora serves as a network for creators to connect, share, and earn cryptocurrencies. It allows users to freely post content, enabling creators and collectors to enhance value through sales and minting.

According to the recent announcement, the distribution of the coin will be based on two snapshots of user engagement. The first snapshot covers January 1, 2020, to March 3, 2025, while the second captures data until April 20, 2025. Through these snapshots, the aim is to identify eligibility for a retroactive airdrop, as part of a broader effort to acknowledge and reward long-standing creators, collectors, developers, and active community members.

Snapshot 1 encompasses activity from 00:00:00 UTC on January 1, 2020, until 14:00:00 UTC on March 3, 2025.

Snapshot 2 encompasses activity from 14:00:00 UTC on March 3, 2025, until 00:00:00 UTC on April 20, 2025.

— zora (@zora) April 20, 2025

Additionally, rather than launching on its own Layer 2 network, Zora has chosen to debut the crypto token on Base, which is Coinbase’s Layer 2 solution. This decision appears to focus on improving accessibility and simplifying the onboarding experience for new users, given Base’s rapid growth as a hub for on-chain social applications and memecoins.

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$ZORA Coin Logistics

According to a March update, Zora has attracted over 2.4 million collectors and more than 618,000 creators, resulting in over $376 million in secondary trading volume.

The $ZORA crypto token will have a maximum token supply of 10 billion tokens. Of this total, the team has provisioned 10% for retroactive distribution. Additionally, 20% have been set aside for future community initiatives, including grants and hackathons. Furthermore, 5% of the tokens are allocated for market fluidity provisions.

The Zora treasury will receive 20%, which will gradually unlock over four years after an initial six-month waiting period. Team members will acquire 18.9% monthly over three years, also with a similar delay. Lastly, strategic contributors, including early investors and advisors, will benefit from 26.1% of the tokens.

Zora clarifies that the $ZORA coin is intended “purely for fun” and does not confer holders with governance rights or equity in the company. Users are cautioned to be vigilant against fraudulent contracts and scams, with all official information to be communicated via Zora’s verified channels.

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ETH Co-Founder Proposes Replacing EVM With RISC-V

In parallel, Vitalik Buterin, co-founder of Ethereum, has suggested replacing the Ethereum Virtual Machine (EVM) with Reduced Instruction Set Computing (RISC-V) to enhance long-term stability (the “V” stands for the fifth iteration of the RISC architecture).

In response to this suggestion, Tomasz K. Stańczak, the new Co-Executive Director of the Ethereum Foundation, noted that such proposals are intended to provoke discussions and examination regarding the future objectives and innovations of the protocol.

Stańczak highlighted that under the new leadership, the foundation plans to shift its emphasis away from research and development, concentrating instead on Layer 1 scaling and Layer 2 base level, while also enhancing user experience and interoperability.

We have engaged in extensive discussions regarding the Layer 1 scaling roadmap, and the initial feedback indicates that the community values our ambition. The realization of that ambition now hinges on the focus of the core development teams and researchers.

Following the recent…

— Tomasz K. Stańczak (@tkstanczak) April 20, 2025

Furthermore, the team intends to enhance the platform with upcoming protocol upgrades such as Pectra, Fusaka, and Glamsterdam. If the Ethereum Foundation proceeds with this plan, Buterin will decrease his involvement in the network’s daily operations, enabling him to concentrate on research projects related to the network.

Stańczak articulated, “Our objectives include freeing up more of Vitalik’s time for research and exploration rather than daily coordination or crisis management. Every time Vitalik shares insights or sets a direction, he accelerates significant long-term advancements.”

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