Zora, an NFT-based social network platform, is expanding into the artificial intelligence market, according to Dee Goens, the co-founder of the startup, as mentioned on Chain Reaction. Listen here.
Zora, not to be confused with Sora, aims to help creators, brands, and artists monetize their content through NFTs. With nearly half a million monthly users and over $1.3 million in earnings for creators in the last 30 days, Zora is making significant strides in the NFT space. Listen to the full episode with Goens here.
The Zora Network runs on the layer-2 blockchain Optimism, focusing on Ethereum’s growth. Since its founding in 2020, Zora has generated over $300 million in secondary sales, with users minting over 4 million NFTs and boasting 1 million unique collectors.
Zora’s co-founders view crypto and AI as mutually beneficial technologies. They believe that AI’s need for information access and crypto’s desire for on-chain value can work hand in hand.
Zora recently introduced AI integration for creators to mint content on its platform. This allows for instant generation and minting of content using AI models, creating a new revenue stream for creators.
Zora envisions a future where blockchains verify and authenticate creations, emphasizing the role of AI in this process. The combination of AI and blockchain technology could revolutionize ownership verification and creative value distribution.
This story was inspired by an episode of TechCrunch’s podcast Chain Reaction. Subscribe to Chain Reaction on Apple Podcasts, Spotify, or your favorite podcast platform for more insightful stories.
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