Author: ZAP

Compiled by: TechFlow

Hello, Zappers! There’s been a lot going on behind the scenes lately, from exciting projects launching soon, to our ongoing work on CTZN NFTs, and our expansion towards @base. To keep you all in the know, we wanted to give you an overview of what we’re working on and what you can expect in the coming months. Let’s take a look.

Towards Base!

As you might have guessed, we’re heading into @base with two exciting events planned! While we will continue to support Blast and the Blast team, our growth strategy requires onboarding multiple networks to expand our user base and work towards securing a listing on a top exchange.

The support from Coinbase and Base has been very important to us so far, solving some of the challenges we have faced in the relatively new ecosystem of Blast. This means that ZAP tokens will likely be circulated on Base and a bridge will be built with Blast, ensuring smooth access and connectivity for our users.

ZAP 2.0

As we expand into Base, we’re introducing a new look and feel for ZAP. We’re excited to be launching ZAP 2.0, with a fresh new branding and a new website for an improved UI and UX. Check out zap.tech next week for the reveal—for now, take a sneak peek.

Financing Review

ZAP’s $15 million funding round

We recently announced our official $15M funding round! As requested by the community, here is the full list of investors:

@rarestonecap, @cypher_capital, @ShardingCapital, @nxgen_xyz WeetardsDAO, @partyhatDAO, @RealBasementDAO, @lawmaster (The Block) Chelsea Jiang (Foresight Ventures), @LucaNetz (Pudgy Penguins), and angel investors from @LayerZero_Labs.

Influencers/KOLs include @IvanOnTech, @elliotrades, @VirtualBacon0x, @RookieXBT, @icebagz_, @buyerofponzi, @krugermacro, @Tradermayne, @gainzy222, @KeyboardMonkey3, @0xBackwards, @PostyXBT, @thecryptocactus, @dingalingts, @Zeneca, @barneytheboi, @loldefi and many more.

Korea Blockchain Week

Starting September 1st, some of our team will be attending Korea Blockchain Week! The Korean community is our largest group of Vault holders, so we are committed to engaging with the Korean community and listing ZAP on Korean exchanges to make it more accessible.

We want to bring something special to our Korean friends (and visitors!) in September, and here at @kbwofficial we have several events planned in partnership with one of the largest consumer crypto companies in the world. More information will be revealed this month - users and Vault holders will be eligible for some special rewards.

ZAP Vault Updates

ZAP Vault has played a vital role in providing token exposure to early adopters, with users receiving approximately 15% of tokens at the Token Generation Event (TGE). Vault holders can look forward to higher reward staking opportunities as our full token economics is released this month.

For full details, see our gitbook.

When will CTZN be released?

We know news has been relatively quiet regarding @CTZN_NFT. Conditions in the current NFT market have been unfavorable for some time, so we have decided to delay the minting of CTZN while we prioritize our TGE and work to ensure a successful listing of ZAP.

However, we are still working on this behind the scenes and our animation team is preparing some exciting teasers to release when the minting date is confirmed, which is expected to be in late Q3 or early Q4. We remain committed to allocating 10% of the CTZN supply to Vault, which will be airdropped directly to Vault holders.

Introducing new features

Not only is the ZAP website and branding getting a new look, but ZAP Launch is also getting a new look. ZAP Launch has been reimagined to offer instantly tradable tokens on Blast and Base, enabling users to create tokens with one click at a minimal cost.

By adopting a model similar to pump.fun, ZAP will become the go-to place for frictionless token launches. We have some powerful tools built into this launch so people can trade securely, including the ZAP Value Index. Expect more information next Tuesday.

Focus on TGE and Base ecosystem

We know that many of you, especially Vault holders, have been patiently awaiting details on the ZAP token launch. Everything we are doing right now is completely focused on the TGE, which is why we are actively engaging with the Base ecosystem to showcase success on multiple blockchains.

The success of Gigadrops on Blast has opened up opportunities for us to partner with tier-one exchanges, and while not yet certain, we expect to announce a listing date within the next 30 days, coinciding with our exciting new Base event. We’ve learned a lot from Gigadrops on Blast and look forward to bringing that to Base.

As always, thank you all for your continued support and we can’t wait to show what we have in store for August.