Saint Vincent, Grenadines, July 25th, 2024,
Chainwire
ZAP, the reputation-based token distribution protocol
and Big Bang winner on Blast L2, today announced a successful raise
of $15 million in a funding round led by Rarestone Capital, Cypher
Capital and Sharding Capital. The round also saw participation from
Auros Global, Presto Labs, and angels Larry Cermak (CEO, The
Block), Chelsea Jiang (Foresight Ventures), and Luca Netz (CEO,
Pudgy Penguins), plus notable angels from LayerZero.
ZAP is a community-driven token distribution protocol that
validates user contribution to ensure fair and meritocratic
rewards, enabling projects to sustainably build and grow their
communities. ZAP features a comprehensive suite of products: A
questing and airdrops protocol, a no-code token launcher, and a
curated launchpad offering access to VC backed projects. These are
all supported by Mission Control, ZAP’s questing and reputation
system, ensuring fair and community-driven access to token
distributions.
ZAP previously raised $11m in March through a “Vault Sale”,
using a similar model to the recently popular Node sales used by
XAI and Aethir. More recently, they announced a partnership with
analytics platform Nansen, who will help the protocol to build
advanced, data-driven insights into on-chain users, enhancing ZAP’s
offerings and optimizing their questing and airdrops protocols.
“It’s great to be backed not just by industry titans
but also have such overwhelming support from the community,” said
Carlo, Product Lead at ZAP. “Their support validates our vision of
a more inclusive and fair token distribution ecosystem. With this
funding, we will further enhance our platform and expand our suite
of products to better serve our community and the broader
blockchain space.”
ZAP is set to expand its innovative solutions by building new
features, growing to new geo-locations, and broadening its reach to
different blockchain ecosystems—starting with Base in July. ZAP’s
ongoing developments aim to democratize access to early-stage
investments and ensure that all participants can engage on a level
playing field.
In conjunction with their recent funding milestone, ZAP also
launched the Blast Gigadrops Campaign aimed at fostering greater
user engagement within the Blast ecosystem. Running from May 27 and
still ongoing, it introduces a chapter-based airdrop system,
rewarding users for both their social and on-chain interactions
with over 20 leading Blast protocols and decentralized applications
(dApps). The campaign boasts a prize pool nearing $1 million and
includes collaboration with major partners such as Thruster,
Particle, and MetaStreet among others.
About Zap
Zap is a community-driven token launch protocol designed to
solve the challenges in the token launch space and provide value to
both founders and investors. By offering a merit-based model, Zap
ensures that all investors have an equal opportunity to
participate.
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Contact
Xiao
xiao@zap.tech