Zora Secures New Round of Financing on March 19, 2021

According to media reports, Zora completed a new round of financing on March 19, 2021, with Paradigm leading the investment. Following this round, Zora’s total cumulative funding has reached $52 million.Zora is a decentralized social network platform built on Ethereum and Zora Network, designed to offer decentralized opportunities for creation, connection, and economic incentives. Initially, the platform operated as an NFT marketplace protocol, providing creators with tools to mint, curate, and collect NFTs.In terms of project development, Zora raised $2 million in seed funding in October 2020 and completed a $50 million financing round in May 2022. Notably, Zora reached a significant milestone in 2025 with the official launch and trading of its token ZORA on April 23. Subsequently, several major exchanges listed spot and perpetual contract pairs for ZORA, reflecting market recognition of the project. These developments indicate that Zora demonstrates strong growth potential and competitive positioning in the Web3 social and NFT sectors.