Zora abandons NFTs without warning, launches airdrop with zero rights
Coinbase-supported Instagram copycat Zora has frustrated users with a number of controversial decisions that appear to completely go against its previous stances on several of its offerings. First, with little warning, it terminated years of its support for NFTs (ERC-721s) for creators in favor of ERC-20-like memecoins. Second, as a way to underhandedly hand out money to disgruntled users, it announced an airdrop. However, it withheld all governance rights and granted itself a 45% allocation for team and strategic contributors plus 25% to the project-controlled treasury and liquidity pools. Crypto sleuth ZachXBT summed up the feelings of many members, saying, “Why does the token need to exist at all if it serves absolutely zero purpose?” Zach also called it “just embarrassing for the space.” Let me get this right… Coinbase invests in early round of Zora Base team then hard shills a dying product to increase activity knowing airdrop is coming within days without an...
