Zora Network is a layer 2 scaling solution for Ethereum that aims to bring media onchain. Media onchain refers to the process of creating, distributing, and monetizing digital media assets such as music, art, videos, podcasts, etc. on the blockchain. Media onchain enables artists and creators to have more control, ownership, and transparency over their work, as well as to access new revenue streams and business models.

Zora Network is built on Op Stack, an open-source codebase that powers Optimism and the Superchain, a unified network of chains that share security, communication, and governance. Zora Network uses optimistic rollups to provide fast, cheap, and secure transactions for decentralized applications. Zora Network also uses its protocol revenue to support projects that contribute to the public good of the Ethereum ecosystem.

What are the benefits of Zora Network?

Zora Network is one of the first networks to adopt Op Stack as its development stack. By doing so, Zora Network inherits several benefits from Op Stack, such as:

Ethereum compatibility: Zora Network fully supports OVM server, making projects work like they are on Layer-1 Ethereum. This means that any smart contract or application that works on Ethereum can also work on Zora Network without any changes. Zora Network also supports native integration with Ethereum ecosystem.

Security: Zora Network inherits the security and decentralization of Ethereum by using its mainnet as the ultimate source of truth. Zora Network uses fraud proofs to ensure that any invalid transaction can be challenged and reverted on the mainnet. This makes Zora Network more secure than sidechains or plasma chains, which rely on their own validators or operators .

User experience: Zora Network offers almost instant transaction confirmation and low gas fees for users. Zora Network also supports fast withdrawals from L2 to L1 using liquidity providers. Users do not need to wait for a long challenge period to access their funds on the mainnet .

Developer experience: Zora Network allows developers to deploy their existing Ethereum code without any modifications or migrations. Developers can use their preferred tools and frameworks to build on Zora Network, such as Truffle, Hardhat, Remix, etc. Developers can also benefit from the RPGF program and receive rewards for their contributions .

How does Zora Network support media onchain?

Zora Network supports media onchain by providing a fast, cost-efficient, and scalable layer 2 solution for creating, distributing, and monetizing digital media assets. Some of the features that Zora Network offers for media onchain are:

ZORA Protocol: ZORA Protocol is a set of smart contracts that enable anyone to create media tokens that represent ownership and value of digital media assets. Media tokens are ERC-20 tokens that can be minted, burned, transferred, and traded on Zora Network or any other network that supports ERC-20 tokens. Media tokens can also have dynamic pricing, which means that their price can change according to supply and demand, creating a fair and efficient market for media assets .

ZORA Marketplace: ZORA Marketplace is a decentralized platform that allows users to discover, collect, and sell media tokens on Zora Network. ZORA Marketplace supports various types of media assets, such as music, art, videos, podcasts, etc. ZORA Marketplace also allows users to create their own collections and curate their own galleries of media tokens .

ZORA DAO: ZORA DAO is a decentralized autonomous organization that governs the Zora Network and the ZORA Protocol. ZORA DAO is composed of ZORA token holders, who can propose and vote on various parameters and upgrades of the network and the protocol. ZORA DAO also allocates a portion of the network revenue to fund public goods projects that benefit the media onchain ecosystem .

Conclusion

Zora Network is a layer 2 scaling solution for Ethereum that aims to bring media onchain. Zora Network is built on Op Stack, an open-source codebase that powers Optimism and the Superchain, a unified network of chains that share security, communication, and governance. Zora Network uses optimistic rollups to provide fast, cheap, and secure transactions for decentralized applications. Zora Network also uses its protocol revenue to support projects that contribute to the public good of the Ethereum ecosystem. Zora Network is one of the most promising and ambitious projects in the blockchain space. It is not only scaling Ethereum, but also transforming it into a superchain that connects different chains and L2s in a harmonious way. Zora Network is also creating a new model of sustainable ecosystem funding that rewards public goods creation and fosters collaboration.