About Zora
Zora provides a platform for creating, displaying, and selling digital assets, particularly focusing on digital art and music. The main products offered are likely Non-Fungible Tokens (NFTs), which are unique digital items stored on a blockchain. Artists, musicians, and other creators can use Zora to mint their digital creations and sell them to collectors and enthusiasts. This platform allows creators to earn money from their work while offering a marketplace for buyers interested in unique digital items. Zora differentiates itself by focusing specifically on the digital art and music sectors, catering to a growing audience interested in NFTs. The company's goal is to empower creators to monetize their digital assets effectively.
Los Angeles, CaliforniaHeadquarters
2020Year Founded
$50.6MTotal Funding
EARLY_VCCompany Stage
Crypto & Web3, EntertainmentIndustries
51-200Employees
Benefits
Top quality medical, dental, and vision insurance
Flexible time-off policy
New MacBook Pro for full-time employees
Equity
Risks
User interface issues may lead to unintended token creation.
Reputational risk from incidents like the ZachXBT controversy.
Increased competition from platforms like OpenSea.
Differentiation
Zora offers a unique platform for minting and trading NFTs.
Integration with Coinbase Wallet enhances Zora's accessibility and user base.
Partnership with COLORSxSTUDIOS expands Zora's reach in the music NFT space.
Upsides
Zora's Layer 2 solution reduces costs and increases transaction speed.
Growing interest in music NFTs presents new opportunities for Zora.
Collaborations with social media platforms could boost user engagement.
Funding
Total raised$50.58 M
Latest valuation$600.00 M
StageEARLY_VC
EARLY VC
4/30/2022$50
$600.00 M$2
$10.00 M