ZORA Launches L2

ZORA Launches L2

Zora launched a more accessible Ethereum layer-2 solution, focusing on artists, creators, and communities.

The Deets

  • Zora Network: An Ethereum layer-2 network for greater onchain expression and experimentation
  • Efficiency: Built on Optimism Foundation's OP stack for greater gas efficiency and scalability
  • Integration: Directly incorporated into all existing Zora creation tools
  • Support: Live and endorsed by numerous collaborators

The Bulk

With its foundation on Optimism's tech stack, the network optimizes gas efficiency and scalability, resulting in a  minting process expected to cost less than 50 cents.

Zora's co-founder and CEO, Jacob Horne, told CoinDesk that their layer-2 network allows the platform to experiment with economic mechanisms to subsidize fees for creators. The new blockchain will integrate seamlessly into all of Zora's existing tools and experiences.

Established in 2020, Zora has grown in popularity and has been utilized by notable parties, including Coinbase, when dropping its free NFTs earlier this year

💰 Money Talks

Zora has successfully secured a total of $60 million in funding, including a $50 million round in May 2022.

🔜 What's Next?

Stay connected with Zora Network's updates as they continue refining their layer-2 solution, unveiling additional tools, and fostering a community of creators.

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