Odaily News: In the service terms document released by Zora, an NFT trading platform, section 5.6 mentions a rewards program where Zora may choose to provide certain incentives and rewards to users who use their services, including airdropping encrypted assets to wallets used in the service.



Regarding such rewards, Zora can announce wallet activities that are publicly available through the service. The criteria for receiving any such rewards will be determined by Zora, and detailed information about the rewards program will be provided on the service platform at Zora's discretion.



For any rewards program, users may need to use eligible wallets during the relevant marketing period to claim their rewards. If no rewards are claimed during the marketing period, users understand and agree that the rewards may expire and they will no longer have any rights to claim them.



Users are responsible for paying any taxes that may arise from claiming the rewards. Zora reserves the right to change, modify, terminate, or cancel any rewards program at any time without prior notice.



In May of last year, NFT startup Zora announced that it had raised $50 million in seed funding at a valuation of $600 million. The funding round was led by Haun Ventures, with participation from Coinbase Ventures, Kindred Ventures, and others. It is worth noting that Haun Ventures is a Web3 investment firm founded by Katie Haun, a general partner at a16z, and this marks their first investment in Zora.



Founded in 2020 by three former Coinbase employees, Zora focuses on building an open-source protocol that allows anyone to create NFT markets. Unlike centralized databases used by platforms like OpenSea or Coinbase's NFT marketplace, Zora utilizes an open, on-chain protocol. Zora also has its own DAO, known as ZoraDAO.