The Protocol: Zora moves to Solana
Summary
On-chain social platform Zora is shifting focus from its NFT and creator roots by launching "attention markets" on the Solana blockchain. This new product allows users to create and trade tokens tied to the traction of internet trends, memes, and cultural moments, leveraging Solana's fast transaction speeds and low costs. While Zora was previously a key application on Coinbase's Base network, some in the Base community view this move as a pivot away from its creator coin momentum. The initial activity for the attention markets was limited, with thin order books causing sharp price swings. The article also covers other key developments, including Tomasz Stańczak stepping down as co-executive director of the Ethereum Foundation, the XRP Ledger activating a member-only DEX (Permissioned DEX) for regulated institutions, and the revival of the original 2016 DAO funds into a $150 million security endowment for Ethereum.
(Source:CoinDesk)