Saint Vincent and Grenadines — ZAP, the innovative reputation-based token distribution protocol and Big Bang winner on Blast L2, announced today a successful $15 million funding round. The round was led by Rarestone Capital, Cypher Capital, and Sharding Capital, with participation from Auros Global, Presto Labs, and notable angels including 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 user contributions, ensuring fair and meritocratic rewards that help projects sustainably build and grow their communities.
The protocol offers a comprehensive suite of products, including a questing and airdrops protocol, a no-code token launcher, and a curated launchpad providing access to VC-backed projects. These products are supported by Mission Control, ZAP’s questing and reputation system, which ensures fair and community-driven access to token distributions.
In March, ZAP raised $11 million through a “Vault Sale,” similar to the Node sales model used by XAI and Aethir. Recently, ZAP partnered with analytics platform Nansen to integrate advanced, data-driven insights into on-chain users, enhancing its questing and airdrops protocols.
“It’s great to be backed not just by industry titans but also to have overwhelming support from the community. 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.”
Carlo, Product Lead at ZAP
ZAP’s Growth Plans and Engagement Initiatives
ZAP plans to use the funding to build new features, expand to new geographical locations, and broaden its reach to different blockchain ecosystems, starting with Base in July. These developments aim to democratize access to early-stage investments, ensuring that all participants can engage on a level playing field.
In conjunction with the recent funding milestone, ZAP launched the Blast Gigadrops Campaign to foster greater user engagement within the Blast ecosystem. Running from May 27 and still ongoing, the campaign introduces a chapter-based airdrop system, rewarding users for 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 collaborations with major partners such as Thruster, Particle, and MetaStreet, among others.
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About ZAP
ZAP is a community-driven token launch protocol designed to solve 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.
