Hong Kong, Hong Kong, 20 June 2024, Chainwire
- Zeek has closed 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 by the usage of fame mechanisms
- The Degree 0 Genesis NFT Assortment, restricted to 250, shall be canceled later this month
Zeek, a decentralized collaboration community for social reward and on-chain fame, 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 Everest Enterprise Group’s strategic investments in consumer-focused merchandise, together with Zeek), Animoca Manufacturers, Masks Community, Arche Fund, Summer season Ventures, Blockchain Coinvestors, Aspen Digital, CatcherVC, Panony, Spacebar, Hardbank and tremendous angels, together with Jason Cam of Folius Ventures, Ivan Lee of Comma3 Ventures, and Donnie Chee of WeMade.
“The Zeek staff’s assist resonates with our objective of supporting courageous founders in constructing the way forward for the open web, and it is actually an thrilling alternative to be a part of the beginning of one thing new within the SocialFi house. Our confidence within the staff’s imaginative and prescient and talents reinforces our dedication to serving to them develop,” stated Thanh Le, founding father of Nighty Eight.
“We see vital potential in consumer-focused initiatives like Zeek that mix real-world use instances with gamified experiences in social and gaming contexts. Zeek’s decentralized collaborative financial system facilitates natural collaboration by on-chain bonuses. By monetizing the dormant worth of social media and private abilities, it creates new alternatives for everybody concerned. We’re assured that this may make breakthrough know-how accessible and pleasant for most of the people,” stated Sudi Yang, founder and CEO of Masks Community.
Within the Web3 world, customers are continuously suggested to do their due diligence earlier than trusting an individual, platform or any data they see, which is less complicated stated than carried out. Zeek goals to deal with this with an on-chain fame assemble, recognizing customers who create worth by social collaboration.
Powered by the OpenSocial Protocol, Zeek is a social community that permits customers to unlock the worth of their intelligence, community, entry and time by an on-chain social rewards and fame mechanic referred to as Want and Riz.
Social worth is created when customers create and take part in Needs, which can be utilized for quite a lot of functions, whether or not looking for data and understanding, or increasing networks and connections. Customers will then be capable of earn “Rizz” by contributions and interactions on the community, which can naturally create a stage of social fame for everybody and act as an on-chain recognition of the social worth that 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 impression. The Zeek product and token are designed to foster such collaboration and construct fame on the chain.
With Zeek, customers will be capable of confirm an individual’s trustworthiness based mostly on the fame they’ve constructed, creating an entire new solution to construct belief within the Web3 world.
“The way forward for SocialFi is to create a brand new social financial system by the financialization of present social conduct, which is why we created Zeek as a result of we imagine that the endpoint of SocialFi is a stage of fame that bridges the hole between social affect and identities on the chain,” stated Angus Ko, CEO of Zeek.
Zeek is predicted to formally launch in July, and its non-public beta will run from now till its launch date. At present, customers can pre-register by their X and Discord accounts right here.
Moreover, the Zeek Tier-0 Genesis NFT assortment, restricted to 250, shall be canceled later this month.
About Zeke
Zeek is a decentralized collaborative financial system that incentivizes fame and runs on an revolutionary social reward mechanic referred to as Needs. Particular person conduct and interactions assist construct a fame stage referred to as “Rizz” that may be monetized and used to measure belief, reliability and affect.
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PR supervisor
Kelvin Ye
Everest Ventures Group
[email protected]