Hong Kong, Hong Kong, 20 June 2024, Chainwire
- Zeek has accomplished a $3 million seed funding spherical from buyers together with OKX Ventures, Animoca Manufacturers and Masks Community
- Zeek will change the best way social collaboration works in SocialFi utilizing popularity mechanisms
- The Tier-0 Genesis NFT assortment, restricted to 250, will likely be retired later this month
Zeek, a decentralized collaboration community for social reward and on-chain popularity, has efficiently accomplished a US$3 million seed funding spherical forward of its official launch in July.
Buyers embody OKX Ventures (as a part of its Everest Enterprise Group consumer-facing strategic funding, which incorporates Zeek), Animoca Manufacturers, Masks Community, Arche Fund, Summer time Ventures, Blockchain Coinvestors, Aspen Digital, CatcherVC, Panony, Spacebar, Hardbank and tremendous angels together with Jason Kam of Folius Ventures, Ivan Li of Comma3 Ventures and Donna Chi of WeMade.
“The Zeek group's assist resonates with our purpose of supporting daring founders as they construct the way forward for the open web, and it's positively an thrilling alternative to be part of the nascent development of one thing new within the SocialFi area. Our confidence within the group's imaginative and prescient and skill to execute reinforces our dedication to serving to them develop,” mentioned Thanh Le, founding father of Nighty Eight.
“We see vital potential in consumer-facing initiatives like Zeek that mix real-world use circumstances with gamified experiences in social and gaming contexts. Zeek's decentralized collaborative financial system encourages natural collaboration by way of on-chain rewards. By monetizing the idle worth of social networks and private abilities, it creates new alternatives for all contributors. We consider it will make disruptive applied sciences accessible and pleasant for mainstream audiences,” mentioned Suji Yan, founder and CEO of Masks Community.
Within the Web3 world, customers are continuously urged to do their due diligence earlier than trusting an individual, platform or any info they see, which is less complicated mentioned than performed. Zeek goals to unravel this by way of its on-chain popularity assemble that acknowledges customers who create worth by way of social collaboration.
Utilizing the OpenSocial Protocol, Zeek is a social community that enables customers to unlock the worth of their intelligence, community, entry and time by way of on-chain social rewards and reputations. Washing and Rizz.
(Determine 1: 'Needs' on the invention web page)
Social worth is created when customers create and take part in “needs” that can be utilized for quite a lot of functions, whether or not looking for info and perception or increasing your community and connections. Customers will then have the ability to earn “Rizz” by way of posts and community engagement, which can naturally create a layer of social popularity for everybody and act as a recognition of the social worth the consumer creates.
'Rizz' is the epitome of karma, the place the extra you give, the extra it is best to obtain within the type of financial incentive and measurable affect. Zeek's product and token are designed to assist such collaboration and on-chain popularity constructing.
With Zeek, customers will have the ability to confirm an individual's trustworthiness based mostly on the popularity they’ve constructed, creating a complete new option to implement belief within the Web3 world.
“The way forward for SocialFi is to create new social economies by way of the financialization of current social habits, which is why we constructed Zeek as a result of we consider the endgame of SocialFi is a popularity layer that bridges the hole between social affect and on-chain identities. ” mentioned Angus Ko, CEO of Zeek.
Zeek is anticipated to formally launch in July, with its Personal Beta operating from now till the launch date. At the moment, customers can pre-register by way of their X and Discord accounts right here. Moreover, Zeek's Tier-0 Genesis NFT assortment, restricted to 250, will likely be retired later this month.
About Zeek
Zeek is a decentralized reputation-fueling collaborative financial system powered by an progressive social reward mechanic known as “Needs”. Particular person habits and engagement contribute to constructing a layer of popularity known as “Rizz” that may be monetized and used to measure trustworthiness, reliability and affect.
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ContactPR supervisorKelvin YeoEverest Ventures Groupkelvin.yeo@evg.co
This text was initially printed on Chainwire
