Zora announced the launch of a "just for fun" memes, planning an Airdrop in spring 2025

PANews reported on March 4th that General Media registered protocol Zora announced in a statement on Monday that it will launch its namesake Memes on the Base network based on Optimism in the coming months, with the upcoming Token being "for entertainment purposes only" and not granting governance rights to holders. ZORA's first Snapshot took place on Monday, with the second Snapshot scheduled three days before the official ZORA Airdrop, expected to occur at some point in the spring of 2025. The total supply of the Token is 10 billion, with 26.1% allocated to contributors, 20% for incentives, 20% for the treasury, 18.9% allocated to the Zora team, 10% for retroactive Airdrop, and 5% for maintaining Liquidity. It is reported that Zora is a general media registration protocol built using the Optimism technology stack. The company was founded in 2020 and launched the decentralized, creator-centric Zora network in 2023. In May 2022, Haun Ventures led a $50 million financing round for Zora, at which time the protocol was valued at $600 million.