Coinbase, a leading US cryptocurrency exchange, has included ZORA—the native token of the Zora Network—on its listing roadmap, signaling potential trading support in the near future.
What Is ZORA?
ZORA powers the Zora Network, a layer-2 Ethereum protocol designed for decentralized social media and digital ownership. According to the project’s official documentation:
“Zora’s mission is to make the internet valuable and free. We’re building a social network where users can tokenize and trade posts effortlessly while earning rewards through two systems: Trade Rewards and Market Rewards.”
Launched recently, ZORA aims to empower creators by monetizing content directly on-chain.
Current Market Performance
As of writing, ZORA trades at $0.022, ranking 606th by market cap. Key metrics:
- Down ~20% since launch
- Up 3% in the last 24 hours
The token’s addition to Coinbase’s roadmap follows Ethereum-based altcoins gaining traction in decentralized social platforms.
Why Coinbase’s Listing Roadmap Matters
Coinbase introduced its listing roadmap in 2022 to:
- Enhance transparency
- Prevent frontrunning by traders
- Provide early visibility into potential new listings
CEO Brian Armstrong has emphasized the exchange’s goal to list all viable crypto assets that meet compliance standards.
FAQs
1. What is the Zora Network?
- A layer-2 Ethereum protocol enabling decentralized social media and tokenized content trading.
2. How does ZORA incentivize users?
- Through Trade Rewards and Market Rewards, allowing creators and traders to earn from on-chain activity.
3. When will ZORA be available on Coinbase?
- No confirmed date yet, but its inclusion on the roadmap suggests imminent evaluation.
4. What’s ZORA’s current price trend?
- Short-term volatility post-launch, but signs of recovery (+3% in 24 hours).
Key Takeaways
👉 Discover emerging altcoins like ZORA as Coinbase expands its supported assets.
- ZORA combines social media with DeFi, offering monetization for creators.
- Coinbase’s roadmap signals growing institutional interest in on-chain social networks.
Stay updated on crypto developments by following trusted sources—avoid speculative trading without research.
Note: Always conduct your own due diligence before investing in cryptocurrencies. Market risks apply.