Zora Launches ERC1155 to ERC20 NFT Trading Protocol with 1000 ETH Volume

Zora has launched a new protocol that allows ERC1155 NFTs to be minted and then traded as ERC20 tokens on Uniswap. The protocol enables timed open mints, after which a Uniswap pool opens, allowing token purchases to be converted to ERC1155 tokens and vice versa for sales. This innovation has already seen over 1000 ETH in secondary volume, largely driven by the limitless zorb mint on the Zora chain. The default mint time is set to three days to ensure fair access, although some mints are open for shorter periods to generate excitement. The Zora Token (ZRTK) is among the first launched under this protocol, with speculation about its fully diluted valuation.