ZAP Raises $15M in Funding Round Led by Rarestone Capital, Cypher Capital, and Sharding Capital
In a groundbreaking move, ZAP, the reputation-based token distribution protocol and Big Bang winner on Blast L2, has successfully raised $15 million in a funding round. Rarestone Capital, Cypher Capital, and Sharding Capital led the round, with participation from Auros Global, Presto Labs, and notable angels from LayerZero.
ZAP is revolutionizing the token distribution space by validating user contributions to ensure fair rewards. Their suite of products includes a questing and airdrops protocol, a no-code token launcher, and a curated launchpad. Supported by Mission Control, ZAP’s reputation system ensures fair and community-driven access to token distributions.
With previous success in raising $11 million through a “Vault Sale” and a recent partnership with Nansen, ZAP is set to enhance its platform and expand its offerings. Their ongoing developments aim to democratize access to early-stage investments and create a level playing field for all participants.
In addition to their funding milestone, ZAP has launched the Blast Gigadrops Campaign to foster greater user engagement within the Blast ecosystem. This chapter-based airdrop system rewards users for their social and on-chain interactions with leading Blast protocols and dApps.
ZAP’s mission is to provide value to both founders and investors in the token launch space through a merit-based model. By building new features, expanding to new geo-locations, and broadening their reach to different blockchain ecosystems, ZAP is paving the way for a more inclusive and fair token distribution ecosystem.
Analysis:
ZAP’s successful funding round and innovative solutions are reshaping the token distribution landscape. By prioritizing fairness, community-driven access, and democratizing early-stage investments, ZAP is creating opportunities for all participants in the blockchain space. Investors and founders alike stand to benefit from ZAP’s merit-based model and commitment to building a more inclusive ecosystem. Stay tuned for more updates from ZAP as they continue to revolutionize the world of token launches.