The on-chain Ethereum network Zora has revealed that its anticipated token, $ZORA, will officially launch on April 23, 2025. Zora aims to empower creators by allowing content sharing and cryptocurrency earnings on its platform, which was designed for scalability and cost-effectiveness since its inception in 2023.

Previously hinted at during March discussions, the token will feature a distribution plan based on user activity snapshots taken between January 1, 2020, and April 20, 2025. This approach aims to fairly reward committed community members.

Snapshot 1 includes activity from 00:00:00 UTC January 1, 2020 through 14:00:00 UTC March 3, 2025.

Snapshot 2 includes activity from 14:00:00 UTC March 3, 2025 to 00:00:00 UTC April 20, 2025.

Beyond launching its own network, Zora will deploy its token within Coinbase’s Layer 2 solution, Base, to enhance user accessibility. This decision reflects a strategic move to draw newcomers into the growing ecosystem for social applications and memecoins.

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$ZORA Token Logistics

Zora has garnered over 2.4 million collectors and 618,000 creators, accumulating $376 million in trading volume thus far. The $ZORA token’s total supply will be 10 billion tokens with significant portions allocated for community initiatives and retroactive airdrops.

The Zora treasury will account for 20% of the total issuance, released steadily over four years post a six-month delay. A similar vesting structure applies to team members, who will receive 18.9% monthly for three years.

Zora emphasizes that the token is made for enjoyment and does not confer governance rights or equity stakes. Users are cautioned against counterfeit contracts and scams, as official information will be disseminated through verified channels.

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Ethereum Co-Founder Proposes Replacing EVM with RISC-V

In related news, Ethereum co-founder Vitalik Buterin has proposed utilizing RISC-V as a replacement for the Ethereum Virtual Machine (EVM) to ensure long-term stability. Responding to this, Tomasz K. Stańczak, Co-Executive Director of the Ethereum Foundation, indicated that such discussions promote scrutiny of the network’s future direction.

Stańczak highlighted the foundation’s intention to pivot focus from research towards improving Layer 1 and Layer 2 support while enhancing overall user experience and interoperability. He expressed confidence in the core teams turning ambitious plans into reality, calling for community feedback on their scaling roadmap.

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Key Takeaways

• The $ZORA token is set for launch on April 23, 2025.
• The Ethereum Foundation looks to prioritize Layer 1 and Layer 2 scaling enhancements.
• A total supply of 10 billion tokens will define the $ZORA ecosystem.