Saint Vincent and Grenadines — ZAP, the progressive reputation-based token distribution protocol and Massive Bang winner on Blast L2, introduced immediately a profitable $15 million funding spherical. The spherical was led by Rarestone Capital, Cypher Capital, and Sharding Capital, with participation from Auros World, Presto Labs, and notable angels together with Larry Cermak (CEO, The Block), Chelsea Jiang (Foresight Ventures), Luca Netz (CEO, Pudgy Penguins), and members from LayerZero.
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ZAP is a community-driven token distribution protocol designed to validate consumer contributions, guaranteeing truthful and meritocratic rewards that assist tasks sustainably construct and develop their communities.
The protocol presents a complete suite of merchandise, together with a questing and airdrops protocol, a no-code token launcher, and a curated launchpad offering entry to VC-backed tasks. These merchandise are supported by Mission Management, ZAP’s questing and repute system, which ensures truthful and community-driven entry to token distributions.
In March, ZAP raised $11 million via a “Vault Sale,” much like the Node gross sales mannequin utilized by XAI and Aethir. Just lately, ZAP partnered with analytics platform Nansen to combine superior, data-driven insights into on-chain customers, enhancing its questing and airdrops protocols.
“It’s nice to be backed not simply by business titans but additionally to have overwhelming help from the neighborhood. Their help validates our imaginative and prescient of a extra inclusive and truthful token distribution ecosystem. With this funding, we are going to additional improve our platform and broaden our suite of merchandise to raised serve our neighborhood and the broader blockchain area.”
Carlo, Product Lead at ZAP
ZAP’s Progress Plans and Engagement Initiatives
ZAP plans to make use of the funding to construct new options, broaden to new geographical areas, and broaden its attain to totally different blockchain ecosystems, beginning with Base in July. These developments purpose to democratize entry to early-stage investments, guaranteeing that each one members can have interaction on a degree taking part in discipline.
Together with the current funding milestone, ZAP launched the Blast Gigadrops Marketing campaign to foster larger consumer engagement throughout the Blast ecosystem. Working from Might 27 and nonetheless ongoing, the marketing campaign introduces a chapter-based airdrop system, rewarding customers for his or her social and on-chain interactions with over 20 main Blast protocols and decentralized purposes (dApps).
The marketing campaign boasts a prize pool nearing $1 million and consists of collaborations with main companions reminiscent of Thruster, Particle, and MetaStreet, amongst others.
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About ZAP
ZAP is a community-driven token launch protocol designed to unravel challenges within the token launch area and supply worth to each founders and traders. By providing a merit-based mannequin, ZAP ensures that each one traders have an equal alternative to take part.