Zora Protocol to Launch Token with Upcoming Airdrop Event

On April 23, the social NFT platform Zora, which focuses on content monetization, is set to conduct its Token Generation Event (TGE). The project aims to release a total of 10 billion ZORA tokens on the Layer 2 network known as Base.

A portion of 10% of the ZORA token allocation will be distributed to users through an airdrop event. The first snapshot will track user activity from January 1, 2020, to March 3, 2025, while the second snapshot will cover the period from March 3 to April 20, 2025.

According to the project’s tokenomics description, «The initial distribution of ZORA will include creators, collectors, developers, and the broader community that has contributed to building the Zora brand. Tokens will be allocated to eligible addresses based on defined criteria.»

Additionally, the project will allocate 20% of the token supply to a grant program and 5% for liquidity provision to exchanges and market makers. Tokens from these three categories will not be subject to any vesting and will be immediately available for trading.

Furthermore, the project will set aside 20% of ZORA for its treasury, with the team receiving 18.9% of the tokens and investors getting 26.1%. These tokens will be gradually unlocked over a period of three years, with the first unlock occurring six months after the TGE.

The developers have emphasized that «ZORA is intended solely for entertainment purposes and does not confer any governance rights or entitle holders to any share of Zora’s capital or products.»

As a reminder, in February, the popular NFT marketplace OpenSea announced an airdrop for its SEA token.