ZORA
Zora
Market cap$23.8M
Updated - ago
ZORA is down approximately 2.91% to $0.005309 amid broader risk-off market conditions and continued contraction in derivatives liquidity.1 The token remains pressured by thin order book depth and depressed protocol fee generation following recent perpetual market closures.1 Muted trading activity is reflected in a 24-hour volume of $233k and open interest of $570k with a modest 0.0013% funding rate.
ZORA is a cryptocurrency token associated with the Zora protocol, a blockchain-based platform designed to enable creators and collectors to mint, curate, and trade digital media as non-fungible tokens (NFTs). Built primarily on Ethereum and its layer-2 scaling solutions, Zora facilitates the creation of digital ownership and commerce tools for creators of various media types including art, photography, music, and written content. The token serves as a governance asset for the Zora decentralized autonomous organization (DAO), allowing holders to participate in decision-making regarding protocol upgrades, fee structures, and platform development. A key technical feature of the Zora protocol is its focus on community-owned content curation and fair creator compensation through mechanisms that enable direct artist-to-collector transactions while minimizing intermediaries. ZORA is notable for its emphasis on preserving creator rights and establishing transparent, on-chain provenance for digital works, positioning itself as infrastructure for a more equitable digital creative economy. The token is traded on various decentralized exchanges and represents a stake in the protocol's governance and long-term direction as it evolves within the broader NFT and creator economy ecosystem.