NFT Creation Platform Zora Launches Creator-Focused Layer 2

Zora Network aims to make minting on its platform "faster, cheaper and more enjoyable," according to a press release.

AccessTimeIconJun 21, 2023 at 7:33 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Zora, the popular platform used by creators and brands to mint non-fungible tokens (NFTs), has launched its own layer 2 blockchain network to support creatives and minimize costs.

The Zora Network is secured by Ethereum and built on Optimism’s tech stack. According to a press release, the new network will make minting on its platform "faster, cheaper and more enjoyable" with a focus on gas efficiency and scalability. According to documents online, minting an NFT through the network "costs less than 50 cents."

Jacob Horne, Zora's co-founder and CEO, told CoinDesk that as a layer 2, the network is able to "experiment with economic mechanisms" to subsidize fees for creators.

The platform will be integrated into all of Zora's existing tools and experiences and is already supported by over 35 groups and platforms, including, PleasrDAO and more.

In a press release, Zora said its platform is unique in that it was "built, launched and designed by a team with deep expertise of NFTs." Noted NFT artist Latashá has worked as Zora's head of community since June 2021.

In a statement to CoinDesk, a spokesperson for Zora said that the platform has been building a "culture of creativity and community" since its inception, putting artists and creators at the forefront of its products. The company has recently integrated new features, including highlighting trending NFT mints, allowing mints with comments and the ability to customize user profiles, which it says make it the "Tumblr for Web3."

The platform has grown in popularity since it was founded in 2020, reaching over 100,000 monthly active users. According to Crunchbase, Zora has raised a total of $60 million over three rounds including a $50 million round led by Haun Ventures in May 2022 which gave the startup a $600 million valuation. Other notable investors in Zora include Paradigm, Kindred Ventures and Coinbase Ventures.

Edited by Toby Leah Bochan.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Rosie Perper

Rosie Perper was the Deputy Managing Editor for Web3 and Learn, focusing on the metaverse, NFTs, DAOs and emerging technology like VR/AR. She has previously worked across breaking news, global finance, tech, culture and business. She holds a small amount of BTC and ETH and several NFTs. Subscribe to her weekly newsletter, The Airdrop.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about