Zora Announces Memecoin Token Launch in 2025

Zora Announces- Zora’s Big Memecoin Move: Key Details You Shouldn’t Mi

Zora Announces– Zora, a decentralized media registry protocol, has announced the upcoming launch of its self-titled “memecoin” on the Optimism-based Base network. The company revealed the new token is “for fun only,” with no governance claims or voting rights for its holders.

The first snapshot for the ZORA token occurred this Monday, marking an important step towards the token’s official launch. The second snapshot will take place just three days before the airdrop in spring 2025. The total supply of the token is set at 10 billion, with distribution as follows: 26.1% for contributors, 20% for incentives, 20% for the treasury, 18.9% for the Zora team, 10% for retroactive airdrops, and 5% to maintain liquidity.

Zora’s Ecosystem and Innovation

Founded in 2020, Zora’s decentralized protocol has gained recognition for fostering a creator-focused ecosystem. Zora’s team has pushed the boundaries of on-chain creators and builders, integrating powerful SDKs that enable teams to build consumer apps with integrated business and distribution models. Their efforts have made Zora a notable player in the space.

In 2022, Zora secured $50 million in funding led by Haun Ventures, raising the protocol’s valuation to $600 million. As Zora continues to expand its ecosystem, the company highlights its mission to provide an open platform for creators to thrive.

The upcoming memecoin launch adds to Zora’s broader goal of supporting creators with innovative tools while offering users a fun, lighthearted token experience on the Base network.

This move further solidifies Zora’s presence in the decentralized space, giving users a taste of its evolving ecosystem while focusing on the growth of its network.

While Zora’s memecoin doesn’t offer any governance rights, its fun nature and wide distribution model make it an interesting addition to the decentralized landscape. Users can look forward to the spring 2025 airdrop, adding a new dynamic to the growing Zora ecosystem.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.