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Coinbase-Backed Zora to Airdrop Token After a Week of Contentious Promotions

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Coinbase-Backed Zora to Airdrop Token After a Week of Contentious Promotions

“Good marketing,” a prominent crypto trader posted on X

Ranjith P.
Ranjith P.

Apr 21, 2025

2 mins to read
Coinbase-Backed Zora to Airdrop Token After a Week of Contentious Promotions
  • Zora's onchain social media platform will launch its ZORA token on April 23, 2025, following viral attention on X.
  • Two snapshots will determine token distribution, covering user activity from January 1, 2020, to April 20, 2025.
  • The platform saw a surge in activity, with over 230,000 new traders joining after promotions by Base's Jesse Pollack.
  • nchain social media platform Zora said its ZORA token will go live on April 23, days after it gained viral traction on X after a push from the Base network team.

  • It outlined two snapshots for the drop in an X post, one covering activity from January 1, 2020, to March 3, 2025, and another from March 3 to April 20, 2025.

  • napshots are the ability to record the state of a blockchain at a specific point in time, often used to reward users in tokens based on their activity on that blockchain over a specific time period.

  • The Coinbase-backed Zora came into the spotlight last week after a push from Base creator Jesse Pollack on how the platform allowed the creation of “content coins” — or tokens that represented their underlying picture or word phrases in a tradeable form

  • Base’s official X account posted about one such token, called "Base is for everyone,” which sent its market cap soaring from a few thousand to over $17 million within hours.

  • Blockchain sleuths later found three crypto wallets bought the tokens ahead of the official announcement — netting them a profit of $666,000, as reported.

  • Crypto exchange Coinbase, which develops and maintains Base, told CoinDesk at the time that is for everyone coin is not the official cryptocurrency of Base, and the layer 2 did not directly sell those

Highlights: Zora, backed by Coinbase, announces upcoming token airdrop. Follows a week of mixed reactions to its promotional campaign. Airdrop aims to reward early users and boost ecosystem engagement.
High Tech India
High Tech India

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