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Mohammad
@lmohammadl
Continuedevery day introduction of Zora 2_ Zora is a creator-centric marketplace, with a focus on creator royalties even while other NFT platforms like OpenSea and Blur are moving away from the mandatory collection of resale fees.
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The main purpose of Zora Network is to complement the Zora Marketplace. However, it can also function as a standalone L2 blockchain solution for other DeFi activities.
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@lmohammadl
The Zora Network operates as a decentralized Layer 2 (L2) solution on top of the Ethereum blockchain, aiming to facilitate the minting, pricing, and exchange of NFTs in a cost-effective and community-driven manner.
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NFT Minting and Pricing Zora utilizes the protocols and smart contracts provided by the Zora Network to enable creators to mint and price their NFTs. The pricing is determined through a bonding curve mechanism which allows for a fair pricing model based on demand and supply dynamics.
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Continuation of the text Zora is an NFT marketplace built by Zora for artists and other types of creators. The marketplace also functions as a place to register media provenance, which would help artists collect royalties hassle-free.
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