According to BlockBeats, on July 12, The Block reported that Blast Ecosystem Token Distribution Protocol ZAP has completed $15.1 million in financing, with a valuation of $100 million. Francis, the anonymous founder and CEO of ZAP, said that ZAP has completed three rounds of financing, including a $900,000 seed round in December last year (valued at $15 million), a $2.1 million private round last month (valued at $30 million), and a $12.1 million financing in the ongoing "vault sale" (valued at $100 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.