airdrop

Zora Is the Biggest Scam of the Year

With their token announcement, Zora just confirmed itself as the biggest joke in the space. Let me explain why.

First, let’s remember a few things: @zora raised $60M from tier-1 VCs, spent 6 years building, and launched its own L2. Yet after all that, the best they could come up with is a memecoin on @base?

What’s the point of having your own L2 if you won’t even use it? Oh right, they probably thought they could extract more fees from the garbage NFT mints that way. But now they're worried that launching $ZORA there would mean instant death due to the shrimp liquidity on that ghost town they call a chain. 

They shouldn't worry about that tho, $ZORA is going straight to zero, no matter where they launch it.

It’s quite telling that they’re launching on Base instead of their own chain.

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they just know there is not enough liquidity on their L2 to sustain everyone's selling pressure so they went with the best choice. They could've just been another dApp on Base but instead decided to go for the L2 route (maybe because of the fact that any L2 hinting at an airdrop would get users much more easily)