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Zora abandons NFTs without warning, launches airdrop with zero rights

Coinbase-supported Instagram copycat Zora announced an airdrop with zero governance rights after its controversial pivot from NFTs.

What’s the deal with Zora, Base, and content coins?

Coinbase is adamant that Base didn’t launch a token or memecoin, while according to its creator, BASEISFOREVERYONE is a “content coin.”

After a brief rally on its surprise announcement, the newly minted BASEISFOREVERYONE memecoin crashed 88% within two minutes.

Kaito launched an airdrop to users of Coinbase’s Base layer 2, and crypto influencers voluntarily doxxed their wallets to participate.

As Coinbase’s Base continues ceding market share to Solana, Kraken decided to simply list the Solana-based version of a popular Base token.