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

Hong Kong, Hong Kong, June twentieth, 2024, Chainwire

• Zeek has accomplished a USD 3M seed funding spherical from buyers together with OKX Ventures, Animoca Manufacturers, and Masks Community
• Zeek will probably be altering the best way social collaboration works in SocialFi via using popularity 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 popularity, 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 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 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 undoubtedly an thrilling alternative to take part within the nascent development 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 development,” stated Thanh Le, the Founding father of Nighty Eight.

“We see important potential in consumer-oriented initiatives like Zeek that mix actual use instances with gamified experiences in social and gaming contexts. Zeek’s decentralized collaboration economic system promotes natural collaboration via on-chain bounties. By monetizing the idle worth of social networks and private expertise, it creates new alternatives for all members. We’re assured that it will make disruptive applied sciences accessible and pleasant for mainstream audiences,” stated Suji Yan, the Founder & CEO of Masks Community

On this planet of Web3, customers are always inspired to do their due diligence earlier than trusting an individual, platform, or any info they see, which is simpler stated than finished. Zeek goals to resolve this via its on-chain popularity assemble, recognizing customers who create worth via 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 via on-chain social bounty mechanics and popularity known as Want and Rizz.

(Picture 1: ‘Want’ on discovery web page)

Social worth is created as customers create and take part in ‘Needs’, which could be utilized for various functions, whether or not to hunt out info and perception or develop your community and connections. Customers will then be capable to achieve ‘Rizz’ via contributions and engagements within the community, which is able to naturally assemble a social popularity 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 popularity.

With Zeek, customers will be capable to verify the reliability of an individual primarily based on the popularity 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 via the financialization of present social behaviors and therefore, now we have constructed Zeek as we consider the endgame of SocialFi is the popularity 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 operating from the current till the launch date. At the moment, 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 economic system incentivizing popularity, and powered by progressive social bounty mechanics known as ‘Needs’. Particular person behaviors and engagements contribute to the development of a popularity layer known as ‘Rizz’, which could be monetized and utilized to gauge credibility, reliability, and affect.

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Kelvin Yeo
Everest Ventures Group
[email protected]