Saint Vincent, Grenadines, July 25, 2024, Chainwire
ZAP, the reputation-based token distribution protocol and Huge Bang winner on Blast L2, immediately introduced a profitable $15 million funding spherical led by Rarestone Capital, Cypher Capital and Sharding Capital. Additionally taking part within the spherical had been Auros World, Presto Labs and angels Larry Cermak (CEO, The Block), Chelsea Jiang (Foresight Ventures) and Luca Netz (CEO, Pudgy Penguins), plus senior angels from LayerZero.
ZAP is a community-driven token distribution protocol that verifies consumer contributions to make sure honest and meritocratic rewards and permits tasks to sustainably construct and develop their communities. ZAP features a complete set of merchandise: a questing and airdrops protocol, a codeless token launcher, and a curated launchpad providing entry to VC-backed tasks. All of that is supported by Mission Management, ZAP's search and fame system, which ensures a good and community-driven method to token distribution.
ZAP beforehand raised $11 million in March by way of a “vault sale” utilizing an identical mannequin to the not too long ago common Node sale utilized by XAI and Aethir. They not too long ago introduced a partnership with analytics platform Nansen, which can assist the protocol construct superior, data-driven insights into on-chain customers, enhance ZAP's providing, and optimize their questing and airdrops protocols.
“It's nice to have the help of not solely business titans, but additionally such overwhelming help from the neighborhood,” mentioned Carlo, Product Lead at ZAP. “Their help validates our imaginative and prescient for a extra inclusive and honest token distribution ecosystem. With this funding, we are going to additional enhance our platform and increase our product suite to higher serve our neighborhood and the broader blockchain.
ZAP is about to increase its progressive options by constructing new options, increasing into new geographies, and increasing its attain into varied blockchain ecosystems – beginning with Base in July. The continuing improvement of ZAP goals to democratize entry to early-stage investments and be certain that all members can take part on equal phrases.
At the side of the current funding milestone, ZAP additionally launched the Blast Gigadrops marketing campaign, which goals to encourage higher consumer engagement within the Blast ecosystem. Working since Might twenty seventh and nonetheless ongoing, it contains a chapter-based airdrop system that rewards customers for his or her social and on-chain interactions with over 20 cutting-edge Blast protocols and decentralized functions (dApps). The marketing campaign boasts a prize pool approaching $1 million and consists of collaborations with main companions reminiscent of Thruster, Particle, and MetaStreet, amongst others.
About On
Zap is a community-driven token launch protocol designed to resolve issues within the token launch house and supply worth to each founders and buyers. By providing a merit-based mannequin, Zap ensures that every one buyers have an equal alternative to take part.
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