• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Zora: What is it and why is it important for the creators of NFT

Zora: What is it and why is it important for the creators of NFT

user avatar

by Max Nevskyi

2 years ago


With the growing popularity of NFTs (non-fungible tokens), there is a demand for platforms that not only simplify the process of creation and trading but also offer creators more favorable conditions. One such platform is Zora, which provides creators with the ability to control their works and earn more profit.

Table of Contents:

What is Zora?

Zora is a decentralized platform for creating, trading, and managing NFTs. It was created to give creators more control over their works and offer an alternative to traditional centralized platforms like OpenSea. Zora operates on the principle of decentralization, allowing users to interact directly without intermediaries.

Benefits of Using Zora for NFT Creators

Zora offers several advantages that make it attractive for NFT creators:

  1. Control Over Works: Creators can set rules for their NFTs, including royalties on each subsequent sale.
  2. Lower Fees: Due to the absence of intermediaries, transaction fees are significantly lower.
  3. Decentralization: All operations occur on the blockchain, ensuring transparency and security.
  4. Flexibility: Ability to create and manage various types of digital assets.
  5. Community: Support from an active community of developers and users.

How to Add Zora Network to MetaMask

To use Zora, you need to add its network to MetaMask. Here's a step-by-step guide:

1. Open MetaMask and go to "Settings".

2. Select "Networks" and click "Add Network".

3. Enter the following details:

  • Network Name: Zora
  • New RPC URL: https://mainnet.zora.co
  • Chain ID: 999
  • Currency Symbol: ZORA
  • Block Explorer URL: https://explorer.zora.co

4. Click "Save".

After these steps, the Zora network will be added to your MetaMask, allowing you to start using it for creating and trading NFTs.

Zora

Key Features of Zora

Zora offers a wide range of features that make it unique among other NFT platforms:

  1. Minting Hub: Tool for creating and issuing new NFTs.
  2. Zora Protocol: Core protocol that powers the platform.
  3. Marketplace: Decentralized marketplace for NFT trading.
  4. Royalties: Ability to set royalties for creators.
  5. DAO: Decentralized Autonomous Organization governing the platform's development.

Comparison of Zora with other platforms:

Platform Permanent Revenue Transparency Asset Control Global Availability Scalability
Zora Yes Yes Yes Yes High
OpenSea No Yes Partial Yes High
Rarible No Yes Partial Yes Medium

 

Impact on the NFT Market

Zora significantly contributes to the development of the NFT market by offering creators tools for more effective management of their works and fair compensation. This stimulates the growth of high-quality content and attracts new users to the NFT ecosystem.

Conclusion

Zora is a powerful tool for NFT creators, offering many benefits and opportunities. Thanks to its decentralized nature, users gain more control over their works and can reduce transaction fees. Adding the Zora network to MetaMask makes it easy to start using all its features. In the future, Zora promises to become one of the leading platforms for NFT operations, attracting more creators and collectors.

Zora provides creators with a unique opportunity to control their works and earn more profit, thanks to its decentralized approach and innovative features.

Using Zora is a step towards a fairer and more transparent ecosystem for all participants in the NFT market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other articles

SettleMints Review: Digital Asset Infrastructure and Blockchain Solutions for Business

chest

A detailed overview of SettleMints, a platform for asset tokenization and enterprise blockchain adoption. Explore its architecture, use cases, benefits, and future potential.

user avatarElena Ryabokon

BITLiquidity Review: Liquidity Aggregator, Cross-Chain Bridge, and the BITL Token

chest

A detailed overview of BITLiquidity, a platform for liquidity aggregation and DeFi tools in the Bitcoin ecosystem. Explore features, the BITL token, use cases, and growth potential.

user avatarElena Ryabokon

Undead Blocks Review: Web3 FPS with NFT Weapons and a Tokenized Game Economy

chest

In-depth look at Undead Blocks, a zombie FPS with NFTs and Play-to-Earn rewards. Explore gameplay modes, tokens, in-game economy, and the future of this Web3 shooter.

user avatarElena Ryabokon

Brand New Vision (FA$H) Overview: A Web3 Ecosystem for Fashion, AI Agents, and Tokenized Brands

chest

In-depth look at Brand New Vision: FA$H token utility, ME+AI agents, BNV.FUND launch platform, tokenomics, and the project’s role in the evolving Web3 digital fashion economy.

user avatarElena Ryabokon

Tilted Project Overview: Web3 Ecosystem, Tokenomics, and Digital Interaction

chest

A detailed overview of the Tilted blockchain project: Web3 concept, platform technology, tokenomics, user engagement mechanics, and the future of its digital ecosystem.

user avatarElena Ryabokon

Mechaversus Review: Blockchain Game with Mechs, PvP Battles, and Play-to-Earn Economy

chest

An in-depth look at Mechaversus, a Web3 strategy game featuring NFT mechs, PvP combat, tokenized assets, and a Play-to-Earn economy within the GameFi ecosystem.

user avatarElena Ryabokon

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.