According to TechFlow, ZAP, a token distribution protocol based on Blast, has raised $15.1 million in financing, with a valuation of $100 million. Francis, founder and CEO of ZAP, said that the funds were raised through three recent rounds of financing, including a $900,000 seed round in December last year, a $2.1 million private placement last month, and $12.1 million in the ongoing "treasury sale." "Treasury sales" are similar to node sales, and ZAP plans to conduct token generation events in the coming months, with an estimated total financing of $50 million.

It is reported that investors in ZAP's seed and private rounds include Rarestone Capital, Cypher Capital, Sharding Capital, Luca Netz of Pudgy Penguins, Larry Cermak of The Block and Chelsea Jiang of Foresight Ventures.