Blast-based launchpad ZAP has raised over $15M in total funding

Blast-based token distribution protocol ZAP has raised $15.1M in total funding, with the last sale round at a $100M token valuation. The funding was raised in three recent rounds — $900K seed last December, $2.1M private round last month and $12.1M in an ongoing vault sale. 

Investors in seed and private rounds included Rarestone Capital, Cypher Capital, Sharding Capital, Luca Netz of Pudgy Penguins, Larry Cermak of The Block and Chelsea Jiang of Foresight Ventures.

ZAP builds a reputation-based token distribution protocol on Blast, an Ethereum L2 with native yield and $2.1B in TVL. Protocol validates user contribution to ensure fair and meritocratic token rewards, enabling projects to sustainably develop and grow their communities.

🔗 theblock.co/post/305077/token-distribution-protocol-zap-funding-valuation