What is Zap?

Zap is described as a project intended to support applications across global industries such as finance, insurance, real estate, and shipping, as well as distributed application protocols. It is also presented as a source of data for smart contracts and as potentially monetizing devices connected to the Internet of Things (IoT), though no founding details, governance model, token supply cap, or native chain are specified.

Zap’s stated core focus is building a secure, source-agnostic oracle network for distributed applications, incentivizing oracle creation and curation through a decentralized data marketplace with “unique incentive tools,” and providing a fundamental component for Ethereum ecosystem and “Web 3.0” style embedded decentralized applications. The description does not specify the technical architecture beyond these roles or clarify how the token functions within the system.