Zeek, a New Decentralized Social Collaboration Community, Raises USD 3M Seed Funding To Reinvent Social Repute In Web3

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 can be altering the best way social collaboration works in SocialFi by means of using repute mechanisms
• The Tier-0 Genesis NFT assortment, restricted to 250, can be dropped later this month

Zeek, 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 workforce resonates with our objective 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 workforce’s imaginative and prescient and execution capabilities strengthens our dedication to serving to their progress,” stated Thanh Le, the Founding father of Nighty Eight.

“We see vital 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 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 it will make disruptive applied sciences accessible and fulfilling for mainstream audiences,” stated Suji Yan, the Founder & CEO of Masks Community

On the planet of Web3, customers are continually inspired to do their due diligence earlier than trusting an individual, platform, or any data they see, which is less complicated stated than executed. 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 enables 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 data and perception or increase your community and connections. Customers will then be capable 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 have 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 be capable to test the reliability of an individual based mostly 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 current social behaviors and therefore, we’ve constructed Zeek as we consider the endgame of SocialFi is the repute layer, which 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 the current till the launch date. Presently, customers are capable of pre-register through 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 financial system incentivizing repute, and powered by revolutionary 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 SupervisorKelvin YeoEverest Ventures Groupkelvin.yeo@evg.co

This text was initially revealed on Chainwire