Mint with ERC-20s on Zora

Zora now supports payments in alternative tokens for paid mints. This feature provides creators with the option to receive payments in not only ETH, but also USDC and numerous other ERC-20 tokens. This update is live on Zora Network, Base, Optimism, Arbitrum, Blast, and ETH Mainnet.

What are ERC-20 tokens?

ERC-20 is a token standard for fungible tokens on Ethereum and Ethereum-compatible (i.e. “EVM”) blockchains. Because ERC-20 tokens are fungible, a token issued under a given contract is exactly the same as any other token issued under the same contract; there are no special rights, behaviours, or attributes associated with any individual token. The fungible property of ERC-20 tokens makes them useful as a medium of exchange and a tool to facilitate onchain functions like voting and staking. Fungibility is a concept already familiar in our daily interactions.

Creating a Mint to be Paid for in an Alternative Token

Any paid mint on Zora is eligible for payments in an alternative token as long as the alternative token of choice exists on the same blockchain network as the collection of which the mint will be a part. To set the purchase price of your mint in an alternative token: 1. On the Create page, the “Currency” dropdown list reflects ETH by default. Clicking on this dropdown list will open up a modal. ​ 2. A “Select a token” modal will appear. Here, you can select ETH or USDC or paste the contract address of the alternative token in which you wish to request payments. 3. After entering a valid contract address, a search result will appear to show whether the token is supported on Zora.

Collecting a Mint using an Alternative Token

To initiate a mint, your wallet must have an adequate balance of the specific token in which the creator requests payments, whether it’s ETH, USDC, or any other ERC-20 token.

Sales Proceeds and Protocol Rewards in Alternative Tokens

Other than those in ETH, sales proceeds and protocol rewards are not subject to an affirmative claiming process. Instead, the relevant transaction amount will be sent directly to the creator’s wallet upon each transaction. Sales proceeds and protocol rewards denominated in ETH will continue to first accrue in an escrow wallet, from which creators shall affirmatively claim their balances before such balances arrive in the creators’ wallets.

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