Zora is an on-chain social network that aims to provide decentralized creation, connection, and economic incentive opportunities through Ethereum and Zora Network. The platform was originally an NFT market protocol that provides creators with tools for creating, curating, and collecting NFTs.
Odaily News: Zora co-founder Dee Goens posted on X that he will take over as CEO, while co-founder Jacob is stepping down and leaving Zora after more than 6 years as CEO. Meanwhile, Zora had already undergone layoffs earlier this year, and the team now numbers fewer than 10 people, with further adoption of AI Agents to handle tasks such as Slack workflows, code writing, and incident response.On the product side, Zora has expanded asset issuance to Robinhood and Solana, and supports cross-chain transactions across Robinhood, Solana, and BNB Chain; it also launched Custom Pairs, allowing users to create new tokens paired with tokenized stocks, meme coins, and mainstream crypto assets, with more than 4,000 trading pairs created since launch.He stated that the next phase will focus on implementing the ZORA token buyback and reward mechanism to further align the platform's business with the interests of ZORA holders, while also restarting community incentive distribution, prioritizing mobile product development, and continuing to expand the user base for social trading and on-chain markets.
Zora's incoming CEO, D. Goens (@dg_goens), announced that Zora has implemented several major adjustments this summer: On the product side, the platform has expanded beyond Base to support Robinhood, Solana, and BNB Chain, launching a custom pair creation feature with over 4,000 trading pairs established to support stocks, meme coins, and mainstream assets. On the team side, the company has completed layoffs, shrinking its workforce to fewer than 10 employees, and has deeply integrated AI technology to improve operational efficiency. In terms of leadership, co-founder Jacob stepped down as CEO, succeeded by fellow co-founder D. Goens. The incoming CEO stated that future priorities will include advancing the $ZORA token buyback and holder reward mechanisms, resuming community incentive distributions, accelerating mobile product iterations, and committing to greater transparency in community communications.
Base founder Jesse Pollak published a review of the past two years of development, acknowledging that his previous bet on on-chain native social was a mistake. He stated that social directions like Farcaster, Zora, Miniapps, and creator coins have failed to become the core drivers of crypto adoption, and as a result, Base has fallen behind some competitors in areas such as perpetual contracts, prediction markets, tokenization, and payments.Pollak stated that going forward, Base will position itself as the "blockchain for global finance," focusing on three key directions in 2026: trading, payments, and AI agents. Specifically, trading will cover tokenized stocks, Meme coins, and application tokens; payments will revolve around global stablecoins for individuals and businesses; and AI agents will leverage cryptocurrency as the native money for computers, serving participants in the future large-scale machine economy.Furthermore, the Base application will be handed back to the Coinbase team, with Cobie taking over to drive it forward, and it may expand beyond the Base ecosystem. Pollak also stated that Base will continue to support developers through Base Layer, Base Batches, the ecosystem fund, and Coinbase distribution resources.
Odaily News: Zora co-founder Dee Goens posted on X that he will take over as CEO, while co-founder Jacob is stepping down and leaving Zora after more than 6 years as CEO. Meanwhile, Zora had already undergone layoffs earlier this year, and the team now numbers fewer than 10 people, with further adoption of AI Agents to handle tasks such as Slack workflows, code writing, and incident response.On the product side, Zora has expanded asset issuance to Robinhood and Solana, and supports cross-chain transactions across Robinhood, Solana, and BNB Chain; it also launched Custom Pairs, allowing users to create new tokens paired with tokenized stocks, meme coins, and mainstream crypto assets, with more than 4,000 trading pairs created since launch.He stated that the next phase will focus on implementing the ZORA token buyback and reward mechanism to further align the platform's business with the interests of ZORA holders, while also restarting community incentive distribution, prioritizing mobile product development, and continuing to expand the user base for social trading and on-chain markets.
Zora's incoming CEO, D. Goens (@dg_goens), announced that Zora has implemented several major adjustments this summer: On the product side, the platform has expanded beyond Base to support Robinhood, Solana, and BNB Chain, launching a custom pair creation feature with over 4,000 trading pairs established to support stocks, meme coins, and mainstream assets. On the team side, the company has completed layoffs, shrinking its workforce to fewer than 10 employees, and has deeply integrated AI technology to improve operational efficiency. In terms of leadership, co-founder Jacob stepped down as CEO, succeeded by fellow co-founder D. Goens. The incoming CEO stated that future priorities will include advancing the $ZORA token buyback and holder reward mechanisms, resuming community incentive distributions, accelerating mobile product iterations, and committing to greater transparency in community communications.
Odaily News: Coinbase will suspend perpetual contract trading for the following tokens at approximately 21:00 on August 26: Memecoin (MEME-PERP), The Sandbox (SAND-PERP), Moonbirds (BIRB-PERP), Blur (BLUR-PERP), Katana (KAT-PERP), SPX6900 (SPX-PERP), ZORA (ZORA-PERP), Axie Infinity (AXS-PERP), Gensyn (AI-PERP), and LayerZero (ZRO-PERP). At that time, all remaining open positions will be automatically settled, with the final settlement price calculated as the average index price over the 60 minutes prior to the trading suspension, and the funding rate for the last funding period will be set to zero.
Base founder Jesse Pollak conducted an in-depth review of strategic mistakes over the past year. He frankly admitted that previously betting on the social sector (Farcaster, Zora, creator tokens, etc.) was the wrong direction. The comprehensive collapse of the social market had a significant negative impact on Base, causing it to lag behind competitors in key sectors such as perpetual contracts and prediction markets. Jesse stated that Base applications have been handed over to Coinbase, with @cobie taking over, while he himself is refocusing on building the chain itself and re-establishing the core direction—building Base into a global financial blockchain. He outlined three major strategic priorities for 2026: • Trading: Covering all asset classes including tokenized stocks, Meme coins, application tokens, etc. • Payments: Driving the adoption of stablecoins globally for individuals and enterprises. • AI Agents: Accelerating both of the above, as cryptocurrency is naturally suited for AI and computer-native currency needs.
Base founder Jesse Pollak published a review of the past two years of development, acknowledging that his previous bet on on-chain native social was a mistake. He stated that social directions like Farcaster, Zora, Miniapps, and creator coins have failed to become the core drivers of crypto adoption, and as a result, Base has fallen behind some competitors in areas such as perpetual contracts, prediction markets, tokenization, and payments.Pollak stated that going forward, Base will position itself as the "blockchain for global finance," focusing on three key directions in 2026: trading, payments, and AI agents. Specifically, trading will cover tokenized stocks, Meme coins, and application tokens; payments will revolve around global stablecoins for individuals and businesses; and AI agents will leverage cryptocurrency as the native money for computers, serving participants in the future large-scale machine economy.Furthermore, the Base application will be handed back to the Coinbase team, with Cobie taking over to drive it forward, and it may expand beyond the Base ecosystem. Pollak also stated that Base will continue to support developers through Base Layer, Base Batches, the ecosystem fund, and Coinbase distribution resources.
This week, tokens including SUI, FF, and CARDS will undergo large-scale token unlocks: FF will unlock on June 29, with a value of approximately $6.76 million, representing 3.66% of its circulating supply; CARDS will unlock on June 29, with a value of approximately $7.27 million, representing 6.11% of its circulating supply; ZORA will unlock on June 29, with a value of approximately $1.21 million, representing 3.33% of its circulating supply; OP will unlock on June 29, with a value of approximately $3.12 million, representing 1.48% of its circulating supply; KMNO will unlock on June 30, with a value of approximately $4.57 million, representing 3.06% of its circulating supply; GUN will unlock on June 30, with a value of approximately $1.54 million, representing 12.69% of its circulating supply; GPS will unlock on July 1, with a value of approximately $6.40 million, representing 15.90% of its circulating supply; SUI will unlock on July 1, with a value of approximately $9.30 million, representing 0.34% of its circulating supply; EIGEN will unlock on July 1, with a value of approximately $8.61 million, representing 6.15% of its circulating supply; ENA will unlock on July 3, with a value of approximately $3.12 million, representing 0.48% of its circulating supply.