Question 1

How does Zora work?

Accepted Answer

Zora is a decentralized protocol for creating, buying, and selling NFTs built on Ethereum, as well as for social interactions. It operates as a Layer 2 solution, offering fast and cost-effective NFT transactions with an average fee of $0.001. Zora Network is governed by a DAO responsible for protocol upgrades, treasury management, and ecosystem development.

Question 2

Is Zora a secure platform?

Accepted Answer

Zora inherits security from Ethereum as it's built on top of it using the OP Stack. However, there are some risks, such as the potential for funds to be stolen if an invalid state root is submitted or if a contract receives a malicious code upgrade. Users should be aware that there is no delay on code upgrades, which could pose a security risk.

Question 3

How to use Zora?

Accepted Answer

To use Zora, users can visit its website and log in using a crypto wallet or email. They can then upload media files or create artwork using the Canvas creator interface, set up a collection, and customize their NFT drop details. After preparation, users can mint their NFTs on the Zora network with minimal fees.

Question 4

What services does Zora offer?

Accepted Answer

Zora offers tools for creating, managing, and trading NFTs, including the ability to mint both ERC-721 and ERC-1155 tokens without gas fees. It provides a platform for artists to showcase and sell their work, with features like onchain secondary markets and creator rewards for secondary sales. Additionally, Zora offers support for users through comprehensive articles and FAQs to help navigate its network and features.