The Blast-based token distribution protocol ZAP has completed a $15.1 million financing.

according to The Block, the token distribution protocol ZAP based on Blast has completed a $15.1 million financing, reaching a valuation of $100 million.

The funds were raised in three recent financing rounds: a $900,000 seed round in December last year, a $2.1 million private placement last month, and $12.1 million in the ongoing "vault sale." The "vault sale" is similar to a node sale, offering buyers unreleased ZAP tokens daily, with an expected total raise of $50 million when sold out.