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Zora announced the release of its Token on April 23, which will involve a two-phase Snapshot.
According to Gate.io News bot, it is reported by Wu that the Ethereum Layer2 network Zora will launch the ZORA Token on April 23. The project has previously raised over $50 million in funding from Paradigm.
The snapshot plan is carried out in two phases: the first phase covers the period from January 1, 2020, to March 3, 2025, and the second phase covers the period from March 3, 2025, to April 20.
The Zora network initially focused on the NFT creator economy, and this year it has transformed to develop the Memecoins launch tool Zora Coins on the Base network. Since its launch, this tool has supported the creation of over 500,000 Tokens on the Base network.