According to Gate.io News bot, as reported by Wu, the Ethereum Layer2 network Zora announced that it will launch the ZORA Token on April 23. The project has previously secured 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 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, the tool has supported the creation of over 500,000 Tokens on the Base network.