Zora to Unveil New Token & Airdrop on Coinbase Base L2 Network AllinCrypto April 22, 2025
On the Coinbase Base L2 network, Zora is due to launch their flagship ZORA token on April 23 as part of a wider airdrop to platform users and web3 creators.
Zora recently re-launched their platform with a priority on non-fungible tokens as tradable memecoins on the Base network, causing some friction and confusion with previous long-time users.
On April 23, the platform will launch its ZORA token and airdrop to eligible users who have interacted with the dashboard since 2020, up until April 20, 2025.
Zora to airdrop token supply to platform users as part of new changes
Zora is a community-driven NFT platform for creator content and web3 art. Before their most recent update, Zora worked in a way that allowed community-driven discoverability for web3 artists and NFT projects.
The platform’s recent update has turned off a few old timers with Zora focusing on a fast, tokenize-everything type of push whereby images posted to the platform are instantly turned into tradable tokens on Base.
As a result, Zora has gained similarities to Solana’s Pumpfun, whereby users who upload images to Zora are able to turn them into memecoins with an attached, easily identifiable NFT image.
In response to Zora’s changes, ZachXBT, a user of the Zora platform who used it to raise funds after tracking down crypto hackers and exploiters, said, “Not sure everything needs a token.” Overall, ZachXBT has criticized Zora negatively for their recent actions to legacy users.
As for Zora’s airdrop, the team will use a snapshot of users from January 1, 2020, to March 3, 202,5, for the first eligible snapshot. The second snapshot will include the most recent data until April 20 2025.
The two snapshots will allow Zora to reward retroactive users who have been a part of the platform since the last bull run, similar to Opensea’s upcoming airdrop and token launch, which plans to reward older, retroactive users and activity.
Coinbase Base network to get ZORA token launch
Zora’s token will launch on the Base network, a layer 2 network by Coinbase, utilizing the Ethereum network as a layer 1.
Since launching in August 2023, Base has become a go-to network for memecoins, NFT marketplaces, and community-driven protocols, providing user-friendly connections to and from Coinbase exchange.
With 10 billion ZORA tokens set to be launched, 10% of the supply will go towards airdrop participants. 20% will go to community incentives, along with another 20% for the treasury, which will unlock over the next 4 years.
5% will be allocated to liquidity, 18.9% for the Zora team with a monthly vesting period, and the final 26.1% will be allocated to early contributors and investors in the Zora platform.
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