ZAP closes $15.1 million funding round, valued at $100 million

ZAP, the Blast-based token distribution protocol, has reportedly closed a $15.1 million funding round, reaching a $100 million valuation. The funds were raised in three recent funding rounds, a $900,000 seed round last December, a $2.1 million private placement last month, and $12.1 million in an ongoing 'vault sale'. The "vault sale" is similar to a node sale, offering buyers managers such as the yet-to-be-launched ZAP tokens on a daily basis, and is expected to ultimately raise a total of $50 million by the time it's sold out.