Zora Announces Imminent Launch of Native $ZORA Token on Its Ethereum NFT Platform

The Ethereum-based NFT marketplace Zora is preparing to introduce its native cryptocurrency, $ZORA, marking a significant milestone in its ecosystem development. The token launch aims to enhance platform functionality and user engagement within Zora’s growing digital collectibles network.

$ZORA Token Logistics

According to Zora’s March announcement, the company has so far drawn over 2.4 million collectors and more than 618,000 creators, generating more than $376 million in secondary trading volume.

The $ZORA token will feature a total supply of 10 billion tokens. Of these tokens, the team has earmarked 10% for retroactive drops. Furthermore, they have reserved another 20% for future community initiatives such as grants and hackathons. Also, they have designated 5% of the tokens for liquidity provisions.

The Zora treasury will receive 20%, which will unlock gradually over four years after a six-month delay. Team members will vest 18.9% monthly over three years with a similar delay. Finally, strategic contributors, including early investors and advisors, will receive 26.1%.

Zora emphasises that the $ZORA token is “purely for fun” and does not grant holders governance rights or company equity. Users are advised to be cautious of fake contracts and scams, with all official details to be published through Zora’s verified channels.

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Ethereum Co-Founder Proposes Replacing EVM With RISC-V

Parallely, Ethereum co-founder Vitalik Buterin has proposed to replace the Ethereum Virtual Machine (EVM) with Reduced Instruction Set Computing (RISC-V) to improve long-term stability (“V” represents the fifth version of the RISC architecture).

Responding to this proposal, Ethereum Foundation’s new Co-Executive Director Tomasz K. Stańczak stated that such proposals aim to spark discussions and invite scrutiny regarding the network’s future goals and breakthroughs.

Stańczak emphasised that under the new leadership, the foundation intends to shift its focus away from research and development to working on Layer 1 scaling and Layer 2 support while optimising user experience and interoperability.

Our discussions about the Layer 1 scaling roadmap have been extensive, and the feedback so far suggests that the community appreciates our ambition. Turning that ambition into reality now depends on the focus of the CORE development teams and researchers.

Following the recent…

— Tomasz K. Stańczak (@tkstanczak) April 20, 2025

Furthermore, the team plans to improve the network under upcoming protocol upgrades such as Pectra, Fusaka, and Glamsterdam. If the Ethereum Foundation follows through, Buterin will reduce his role in the network’s daily operational tasks, allowing him to focus on network-related research projects.

Stańczak stated, “We aimed, among other things, to free more of Vitalik’s time for research and exploration, rather than day-to-day coordination or crisis response. Each time Vitalik shares insights or communicates a direction, he accelerates major long-term breakthroughs.”

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Key Takeaways

• Zora will launch the $ZORA token on 23 April 2025.
• The Ethereum Foundation plans to shift its focus to Layer 1 and Layer 2 scaling improvements.
• The $ZORA token will feature a total supply of 10 billion tokens.