Zora Secures $50 Million in Funding on May 6, 2022

According to media reports, Zora raised $50 million in funding on May 6, 2022. Investors in this round included Haun Ventures, Coinbase Ventures, Kindred Ventures, among others. With this latest financing, Zora’s total capital raised has reached $52 million.Zora is a decentralized social networking platform built on Ethereum and the Zora Network, designed to enable decentralized creation, connection, and economic incentives. The platform initially launched as an NFT marketplace protocol, offering creators tools for creating, managing, and collecting NFTs.Tracing Zora’s development history, the project first secured $2 million in seed funding in October 2020 and has since continued to attract attention from the capital markets. In April 2025, Zora introduced its token and conducted an airdrop, which was promptly supported by several major exchanges. These listings included spot trading and perpetual contracts, reflecting strong market recognition for the project.Notably, as an innovative player in the decentralized social networking space, Zora is driving new possibilities for the Web3 social ecosystem. By integrating social networking with blockchain technology, Zora not only expands monetization opportunities for creators but also delivers a more open and transparent social experience for users.