ZAP Token Protocol Valuation Soars to $100 Million Thanks to Latest Funding Round!

Key points:

• ZAP raises $15.1M in seed, private and ongoing funding rounds.
• Well-known investors include Rarestone Capital, Cypher Capital and others.
• The initial valuation was $15 million, with a valuation of $100 million now being considered once funding is secured.

ZAP token protocol, which runs on the Ethereum Layer 2 Blast network, has raised $15.1 million in its last three rounds.

That total includes a $900,000 seed round in December, a $2.1 million private round last month, and an ongoing “vault sale” that currently stands at $12.1 million, according to Francis, ZAP’s pseudonymous founder and CEO.

The seed and private rounds were conducted with simple agreements for future tokens to provide early support for development. On the other hand, Francis says the storage sale — the node sale — leaves room for daily earnings on the flow of the yet-to-be-launched ZAP token protocol, among other perks such as token giveaways from partner ecosystem projects.

Read more: Crypto prime broker Hidden Road Partners plans new $120 million funding round

ZAP Token Protocol’s Journey to $100M Valuation

Francis emphasized that this vault sale will be fully closed with the ZAP token generation event expected in the coming months. “If all the vaults are sold out, we will raise $50 million,” he said.

The ZAP token protocol has seen its valuation rise significantly, from $15 million in its seed round to $30 million in its private token round. It is now valued at around $100 million in the current vault sale. “Our implied fully diluted token valuation is now around $100 million,” Francis confirmed.