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 repute mechanisms
- The Tier-0 Genesis NFT assortment, restricted to 250, shall be retired later this month
Zeek, a decentralized collaboration community for social reward and on-chain repute, has efficiently accomplished a US$3 million seed funding spherical forward of its official launch in July.
Traders embrace 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 crew's assist resonates with our objective 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 house. Our confidence within the crew's imaginative and prescient and talent to execute reinforces our dedication to serving to them develop,” stated Thanh Le, founding father of Nighty Eight.
“We see important 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 economic system encourages natural collaboration by on-chain rewards. By monetizing the idle worth of social networks and private expertise, it creates new alternatives for all contributors. We imagine it will make disruptive applied sciences accessible and pleasurable for mainstream audiences,” stated Suji Yan, founder and CEO of Masks Community.
Within the Web3 world, customers are always urged to do their due diligence earlier than trusting an individual, platform or any data they see, which is simpler stated than carried out. Zeek goals to resolve this by its on-chain repute assemble that acknowledges customers who create worth by social collaboration.
Utilizing the OpenSocial Protocol, Zeek is a social community that permits customers to unlock the worth of their intelligence, community, entry and time by 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 a wide range of functions, whether or not looking for data and perception or increasing your community and connections. Customers will then be capable to earn “Rizz” by posts and community engagement, which can naturally create a layer of social repute for everybody and act as a recognition of the social worth the person creates.
'Rizz' is the epitome of karma, the place the extra you give, the extra you must obtain within the type of financial incentive and measurable influence. Zeek's product and token are designed to assist such collaboration and on-chain repute constructing.
With Zeek, customers will be capable to confirm an individual's trustworthiness primarily based on the repute they’ve constructed, creating an entire new technique to implement belief within the Web3 world.
“The way forward for SocialFi is to create new social economies by the financialization of present social habits, which is why we constructed Zeek as a result of we imagine the endgame of SocialFi is a repute layer that bridges the hole between social affect and on-chain identities. ” stated Angus Ko, CEO of Zeek.
Zeek is anticipated to formally launch in July, with its Personal Beta working from now till the launch date. At present, customers can pre-register by their X and Discord accounts right here.
Moreover, Zeek's Tier-0 Genesis NFT assortment, restricted to 250, shall be retired later this month.
About Zeek
Zeek is a decentralized reputation-fueling collaborative economic system powered by an modern social reward mechanic referred to as “Needs”. Particular person habits and engagement contribute to constructing a layer of repute referred to as “Rizz” that may be monetized and used to measure trustworthiness, reliability and affect.
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PR supervisor
Kelvin Yeo
Everest Ventures Group
(e-mail protected)
