Zora Network – a layer-2 platform focused on NFTs – has just announced plans to launch the ZORA token, but notably, this is not a governance token, but is positioned as a memecoin! Moreover, the project has allocated 10% of the total token supply for airdrops to the community, prompting curiosity about Zora's strategy.

So what makes ZORA special? Who will receive the airdrop? Let's find out! 👇

ZORA – A Memetastic Token, Not a Governance Token

On the morning of March 4, 2025, #ZoraNetwork officially announced the ZORA token, expected to be deployed on layer-2 Base in the spring of 2025.

🔥 What’s surprising is that ZORA is not a governance token, but rather a memecoin with strong entertainment and community elements. Holders of ZORA will not have control over the protocol, unlike many other layer-2 project tokens.

💬 The Zora team emphasizes:

"ZORA is not just a token, but a community symbol, built with the goal of creating connections and fun in the Web3 space."

So what is the total supply of ZORA and how is it allocated?

How ZORA Allocates Total Supply of 10 Billion Tokens

ZORA will have a total supply of 10 billion tokens, allocated as follows:

🪂 10% (1 billion ZORA) - Airdrop for the community
📢 20% - Community incentive fund
📊 26.1% - Strategic advisors (locked for the first 6 months, vesting over 3 years)
🛠 18.9% - Zora team (locked for the first 6 months, vesting over 3 years)
🏦 20% - Project treasury (locked for the first 6 months, vesting over 4 years)
💧 5% - Maintaining liquidity

ZORA Airdrop – Who Will Receive It? 🎁

To thank the community, Zora will airdrop 10% of the total supply (1 billion ZORA) to creators, collectors, developers, and users who have interacted with the Zora ecosystem.

🔍 How to determine recipients:
📸 First snapshot: Took place on March 3, 2025.
📸 Second snapshot: Occurred 3 days before the token#zora officially launches (exact time not announced).

📌 Benefits of 2 snapshots:
✔️ Recognizing the contributions of loyal users.
✔️ Creating opportunities for newcomers to the ecosystem to also receive the airdrop.

Zora Network – A Promising NFT Ecosystem

Zora Network is not just an NFT marketplace but also a Web3 ecosystem dedicated to artists and creators.

🔥 Some highlights:
🎨 Allows artists to turn artworks, music, videos, podcasts, etc., into NFTs.
💰 Optimizes royalties for NFT collections.
⚡ Develops layer-2 to enable NFTs to have lower transaction fees and faster speeds.

🚀 Since its launch in 2023, Zora Network has achieved:
📈 83.7 million transactions
👛 548,180 active wallet addresses
🌉 6,420 ETH bridged into the network

In particular, Zora is not stopping at NFTs, but is also expanding into content tokenization, allowing every post to be transformed into a tradable ERC-20 token right on #uniswap .

Are NFTs and Tokens Becoming the New Trend?

Zora is not the only NFT project to launch a token recently. Many notable NFT projects are also rolling out their own tokens, including:
🐧 Pudgy Penguin (PENGU)
🎭 Milady (CULT)
🎩 Magic Eden (ME)
🎨 Doodles (DOOD) (newly revealed release plans)

💥 OpenSea, the leading NFT marketplace, has also announced that it will release the SEA token in the future.

It can be seen that the NFT market is entering a new phase, where NFTs are not just collectibles, but can also be tokenized and traded like a cryptocurrency.

Conclusion

Zora Network surprised everyone by launching the ZORA token as a memecoin, rather than a traditional governance token. With 10% of the total supply allocated for airdrop, this could be a significant opportunity for those who joined the Zora ecosystem early.

However, since ZORA has no governance value, many are still wondering whether this memecoin will genuinely provide long-term benefits or is merely a symbolic token.

💭 What do you think about Zora Network's strategy? Will ZORA become one of the noteworthy memecoins in 2025? Let's wait and see what happens! 🚀🔥