ZAP, the Blast ecosystem token distribution protocol, is raising $12.10 million at a valuation of $100 million. ZAP was valued at $15 million at the time of the seed round, and then increased to $30 million during the private token round. It is reported that its seed round and private round investors include Rarestone Capital, Cypher Capital, Sharding Capital, Luca Netz of Pudgy Penguins, Larry Cermak of The Block, etc.