Zora

Zora

Platform for creating and selling NFTs

About Zora

Simplify's Rating
Why Zora is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Crypto & Web3

Entertainment

Company Size

51-200

Company Stage

Early VC

Total Funding

$52M

Headquarters

Los Angeles, California

Founded

2020

Overview

Zora provides a platform for creating, displaying, and selling digital assets, particularly in the form of Non-Fungible Tokens (NFTs). These unique digital items, which can include commemorative mints and live music sets, are stored on a blockchain. The platform caters to artists, musicians, and other creators who want to monetize their digital work, as well as collectors interested in owning unique digital items. Zora's business model involves charging fees or commissions on transactions, allowing creators to earn money while offering a marketplace for buyers. The company's goal is to facilitate the monetization of digital art and music in the growing NFT market.

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Simplify's Take

What believers are saying

  • Integration with Coinbase Wallet enhances user accessibility and transaction volume.
  • Partnership with COLORSxSTUDIOS attracts new audiences from music and art communities.
  • LayerZero integration improves NFT ecosystem efficiency and security on Zora.

What critics are saying

  • Automatic ERC-20 token generation may lead to unintended financial products.
  • ZORA token launch could cause market volatility and legal challenges.
  • Integration with major platforms increases exposure to security vulnerabilities.

What makes Zora unique

  • Zora offers a unique platform for minting and trading NFTs.
  • The platform integrates with major networks like Coinbase Wallet and OpenSea.
  • Zora's partnership with COLORSxSTUDIOS expands its reach in the music community.

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Funding

Total Funding

$52M

Above

Industry Average

Funded Over

2 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Top quality medical, dental, and vision insurance

Flexible time-off policy

New MacBook Pro for full-time employees

Equity

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

0%
Decrypt
Mar 3rd, 2025
Ethereum Nft Protocol Zora Reveals Token Airdrop Plans

Ethereum NFT and tokenization protocol Zora will launch its own token—ZORA—this spring. The platform, which says it’s “been on a multiyear journey of the best way to bring creativity on-chain through tokenization,” will launch its self-described meme coin on Base, the Ethereum layer-2 network. “What started as an experiment six years ago has turned into something larger than we could have imagined,” the protocol wrote in a blog post introducing the token. “Thank you to everyone who has realized the vision of Zora with us this far.”As part of that thanks, the platform is airdropping 10% of its token supply or 1 billion ZORA tokens to its community of creators, collectors, builders and more, based on a March 3 snapshot. A second snapshot will take place three days before ZORA’s launch, though the date is still outstanding. In addition to the 1 billion tokens set aside for the airdrop, an additional 20% of the token supply will be reserved for community incentives like hackathons and future grants. The team and strategic contributors are allocated 45% of the supply, subject to a six-month cliff and three-year vesting period. A full tokenomics breakdown can be found on the project’s support page.Since launch, Zora has driven more than $376 million in secondary trading volume, while facilitating NFT or token collection by more than 2.4 million wallets. The platform launched its own Ethereum layer-2 network in June 2023 as it battled high gas fees plaguing Ethereum mainnet. It more recently announced a feature that allows any user to generate a token tradable on leading Ethereum decentralized exchange Uniswap with any post.Edited by Andrew HaywardDaily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more

BeInCrypto
Nov 6th, 2024
Nft De Zachxbt Se Convierte Accidentalmente En Una Memecoin De $15 Millones

El investigador de blockchain ZachXBT es objeto de controversia después de que un proyecto NFT lanzado para documentar una investigación de alto perfil se transformara involuntariamente en un memecoin de 15 millones de dólares en la red Base.La situación se desplegó después de que una acuñación de NFT a través del protocolo Zora emitiera automáticamente un token ERC-20 negociable. Según ZachXBT, esto fue no intencionado y no deseado.La controversia de las memecoins de ZachXBTLa controversia comenzó cuando ZachXBT utilizó el protocolo Zora para crear NFT de edición abierta de los hallazgos de su investigación. La investigación involucraba un robo de 243 millones de dólares a un acreedor de Genesis.Su objetivo era proporcionar un coleccionable digital gratuito para archivar permanentemente su trabajo en la blockchain. Sin embargo, desconocía que la interfaz de usuario (UI) de Zora generaría automáticamente un token ERC-20 al completar la acuñación. Esto efectivamente convirtió sus NFT en activos líquidos disponibles para el trading en exchanges descentralizados (DEX) como Uniswap. “La UI de Zora actualmente no da ninguna indicación a los creadores de que un token ERC-20 también será lanzado después de una acuñación de NFT de edición abierta,” compartió el investigador de blockchain

BeInCrypto
Nov 6th, 2024
Zachxbt’S Nft Accidentally Turns Into $15 Million Meme Coin

Blockchain sleuth ZachXBT is the subject of controversy after an NFT project launched to document a high-profile investigation inadvertently transformed into a $15 million meme coin on the Base network.The situation unfolded after an NFT mint through the Zora protocol automatically issued a tradable ERC-20 token. According to ZachXBT, this was unintended and unwelcome.ZachXBT’s Meme Coin ControversyThe controversy began when ZachXBT used the Zora protocol to create open-edition NFTs of his investigation findings. The investigation involved a $243 million theft from a Genesis creditor. His goal was to provide a free digital collectible to permanently archive his work on the blockchain. However, he was unaware that Zora’s user interface (UI) would automatically generate an ERC-20 token upon mint completion. This effectively converted his NFTs into liquid assets available for trading on decentralized exchanges (DEXs) like Uniswap

BeInCrypto
Jun 21st, 2024
Bitwise'S Bold Ethereum Ad Campaign Pokes Fun At Traditional Finance'S Limitations

Asset management giant Bitwise recently launched a groundbreaking advertisement campaign for Ethereum (ETH). The 39-second advertisement emphasizes Ethereum’s unique capabilities compared to traditional finance. The ad, featuring Michael Tacconi as Ethereum and Jamie Kaler as Big Finance, humorously showcases Ethereum’s 24/7 accessibility. Bitwise Campaign Mints TV Ad as NFT to Support DevelopersThe ad begins with Tacconi introducing himself as Ethereum, while Kaler, representing Big Finance, appears exhausted from his workday. Ethereum highlights its continuous availability, starkly contrasting Big Finance’s limited schedule

Altcoin Buzz
May 1st, 2024
Zora Network Now Available on Coinbase Wallet

Zora Network, a prominent Layer 2 solution built on Ethereum, has officially integrated with Coinbase Wallet.

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