Zora Network to Launch One of 2025's Largest Crypto Airdrops on April 23

Zora Network, a layer-2 solution focused on NFTs and onchain social media, is set to launch one of 2025's largest crypto airdrops on April 23.

Layer-2 solution Zora Network is set to launch one of 2025’s largest crypto airdrops on Monday, April 23. The startup, which has raised $60 million in funding from investors including Coinbase Ventures and Haun Ventures, will distribute 1 billion ZORA tokens, or 10% of the total supply.

Those who engaged with the platform across two snapshot periods will be eligible for the airdrop. The first snapshot captured activity from January 1, 2020, to March 3, 2025. The second snapshot period ran from March 3, 2025, to April 20, 2025.

According to Zora’s tokenomics details, beyond the 10% airdrop allocation, 20% of tokens will go to community incentives. Another 20% is reserved for the treasury. Team members will receive 18.9% of the supply. Strategic contributors will control 26.1%. The remaining 5% is set aside for liquidity.

“$ZORA will be live on April 23, 2025. We’re distributing 1 Billion ZORA tokens (10% of the total supply). The tokens will be allocated based on two snapshots and contributions to the Zora ecosystem. Join us in this exciting journey.

Zora is a layer-2 solution that is used for NFTs and onchain social media. It is a modular protocol for creators to launch and manage their own tokens, NFTs, and web3 experiences. Zora is also developing a decentralized social network called Zora Slice.

Zora has been a popular topic in the crypto sphere thanks to its integration with Base, a layer-2 network that is being backed by Coinbase. Recently, there has been a focus on how Zora allows users to create “content coins.”

These tokens can be used to represent anything from a picture or a phrase into a tradeable form. As such, they are similar to the coins that users can mint on platforms like Magic Link.

However, Zora’s technology allows these tokens to be created in a standard format that can be used across different chains and wallets. This could open up new possibilities for the creation of more diverse and engaging Web3 experiences.

It is also developing a decentralized social network called Zora Slice, which will allow users to connect and share content in a more meaningful way.

In addition to the airdrop, Zora will also be launching its own token on Binance. The exchange will be listing ZORA on its Binance Alpha platform on April 23.

Binance is also planning its own ZORA airdrop, offering 밝은 4,276 ZORA tokens to users who purchased at least $50 on Alpha between March 22 and April 20, 2025. It will be distributing a total of 50,000 ZORA tokens to eligible users.

The exchange is launching a new initiative to support promising new projects. As part of this program, Binance will be donating a portion of its own ZORA tokens to a good cause.

While a launch price is yet to be announced by Binance, experts expect it to be in the range of $0.02 to $0.03.

At this price point, the airdrop would be valued at approximately $30 million. The fully diluted market cap would sit around $300 million.

Many expect Coinbase to list the token, given its connection to the project. Coinbase supports Base, a layer-2 network that has integrated with Zora.

Recently, Zora came into the spotlight following promotions from the Base network team. Base creator Jesse Pollack highlighted how Zora enabled the creation of “content coins” – tokens representing pictures or phrases in a tradeable form.

Base’s official account on X promoted one such token called “Base is for everyone.” The post quickly went viral, and the token’s market cap went from a few thousand to over $17 million within a few hours. The post generated over $30 million in trading volume within 12 hours.

However, blockchain investigators discovered three crypto wallets purchased these tokens before the official announcement. These wallets are said to have made profits of $666,000 from the trades. This revelation sparked accusations of insider trading.

The token price later crashed 99% within four hours. Base has denied that the token was a “meme coin” or part of a pump-and-dump scheme. Pollack has also maintained that the Zora promotions were not part of a broader marketing campaign.

According to data from Base, Zora Network has substantial onchain activity with over 87 million transactions processed to date.

Platform statistics highlight 6,115,229 active addresses and 3,496,8