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 Community
- Zeek will probably be altering the best way social collaboration works in SocialFi by way of the usage of fame mechanisms
- The Tier-0 Genesis NFT assortment, restricted to 250, will probably be dropped later this month
Zeek, a decentralized collaboration community for on-chain social bounty and fame, has efficiently accomplished a USD 3M seed funding spherical forward of its official launch in July.
Buyers 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 crew resonates with our aim 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 area. Our confidence within the crew’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 financial system promotes natural collaboration by way of on-chain bounties. By monetizing the idle worth of social networks and private expertise, it creates new alternatives for all contributors. We’re assured that this may make disruptive applied sciences accessible and pleasant for mainstream audiences,” mentioned Suji Yan, the Founder & CEO of Masks Community
On the planet of Web3, customers are always inspired to do their due diligence earlier than trusting an individual, platform, or any data they see, which is less complicated mentioned than carried out. Zeek goals to unravel this by way of its on-chain fame assemble, recognizing customers who create worth by way 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 way of on-chain social bounty mechanics and fame 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 data and perception or increase your community and connections. Customers will then have the ability to achieve ‘Rizz’ by way of contributions and engagements within the community, which can naturally assemble a social fame layer for everybody and act as an on-chain recognition of the social worth the person creates.
‘Rizz’ is an embodiment of karma whereby the extra you give, the extra you have to be given in types of financial incentive and measurable affect. Zeek’s product and token are designed to foster such collaboration and development of on-chain fame.
With Zeek, customers will have the ability to examine the reliability of an individual primarily based on the fame they’ve constructed, creating an entire new approach 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 behaviors and therefore, we have now constructed Zeek as we consider the endgame of SocialFi is the fame 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 Personal Beta working from the current till the launch date. Presently, customers are in a position to pre-register through their X and Discord accounts right here.
Moreover, Zeek’s Tier-0 Genesis NFT assortment, restricted to 250, will probably be dropped later this month.
About Zeek
Zeek is a decentralized collaboration financial system incentivizing fame, and powered by progressive social bounty mechanics referred to as ‘Needs’. Particular person behaviors and engagements contribute to the development of a fame layer referred to as ‘Rizz’, which will be monetized and utilized to gauge credibility, reliability, and affect.
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Kelvin Yeo
Everest Ventures Group
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