Hong Kong, Hong Kong, June twentieth, 2024, Chainwire
Zeek has accomplished a USD 3M seed funding spherical from traders together with OKX Ventures, Animoca Manufacturers, and Masks NetworkZeek can be altering the best way social collaboration works in SocialFi by means of using repute mechanismsThe Tier-0 Genesis NFT assortment, restricted to 250, can be dropped later this monthZeek, a decentralized collaboration community for on-chain social bounty and repute, has efficiently accomplished a USD 3M seed funding spherical forward of its official launch in July.
Traders embody OKX Ventures (as a part of its strategic funding in Everest Enterprise Group’s consumer-oriented merchandise, which incorporates Zeek), Animoca Manufacturers, Masks Community, Arche Fund, Summer season 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 Donny Chi of WeMade.
“Backing the Zeek staff resonates with our purpose of supporting daring founders in constructing the way forward for the open web, and it’s positively an thrilling alternative to take part within the nascent progress of one thing new within the SocialFi house. Our confidence within the staff’s imaginative and prescient and execution capabilities strengthens our dedication to serving to their progress,” mentioned Thanh Le, the Founding father of Nighty Eight.
“We see important potential in consumer-oriented initiatives like Zeek that mix actual use circumstances with gamified experiences in social and gaming contexts. Zeek’s decentralized collaboration economic system promotes natural collaboration by means of on-chain bounties. By monetizing the idle worth of social networks and private abilities, it creates new alternatives for all members. We’re assured that this can make disruptive applied sciences accessible and pleasurable for mainstream audiences,” mentioned Suji Yan, the Founder & CEO of Masks Community
On the earth of Web3, customers are consistently inspired to do their due diligence earlier than trusting an individual, platform, or any info they see, which is less complicated mentioned than carried out. Zeek goals to resolve this by means of its on-chain repute assemble, recognizing customers who create worth by means of social collaboration.
Powered by OpenSocial Protocol, Zeek is a social community that permits customers to unlock the worth of their intelligence, community, entry, and time by means of on-chain social bounty mechanics and repute referred to as Want and Rizz.
(Picture 1: ‘Want’ on discovery web page)
Social worth is created as customers create and take part in ‘Needs’, which will be utilized for various functions, whether or not to hunt out info and perception or broaden your community and connections. Customers will then have the ability to acquire ‘Rizz’ by means of contributions and engagements within the community, which can naturally assemble a social repute layer for everybody and act as an on-chain recognition of the social worth the consumer creates.
‘Rizz’ is an embodiment of karma whereby the extra you give, the extra you need to be given in types of financial incentive and measurable affect. Zeek’s product and token are designed to foster such collaboration and building of on-chain repute.
With Zeek, customers will have the ability to examine the reliability of an individual primarily based on the repute they’ve constructed, creating an entire new method to implement belief within the Web3 world.
“The way forward for SocialFi is to create new social economies by means of the financialization of present social behaviors and therefore, now we have constructed Zeek as we consider the endgame of SocialFi is the repute layer, which 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 Non-public Beta operating from the current till the launch date. At present, customers are capable of pre-register by way of their X and Discord accounts right here. Moreover, Zeek’s Tier-0 Genesis NFT assortment, restricted to 250, can be dropped later this month.
About Zeek
Zeek is a decentralized collaboration economic system incentivizing repute, and powered by modern social bounty mechanics referred to as ‘Needs’. Particular person behaviors and engagements contribute to the development of a repute layer referred to as ‘Rizz’, which will be monetized and utilized to gauge credibility, reliability, and affect.
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ContactPR ManagerKelvin YeoEverest Ventures Groupkelvin.yeo@evg.co
This text was initially printed on Chainwire
