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 shall 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, shall 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 team resonates with our goal of supporting bold founders in building the future of the open internet, and it is definitely an exciting opportunity to participate in the nascent growth of something new in the SocialFi space. Our confidence in the team’s vision and execution capabilities strengthens our commitment to helping their growth,” stated Thanh Le, the Founding father of Nighty Eight.
“We see significant potential in consumer-oriented initiatives like Zeek that blend real use cases with gamified experiences in social and gaming contexts. Zeek’s decentralized collaboration economy promotes organic collaboration through on-chain bounties. By monetizing the idle value of social networks and personal skills, it creates new opportunities for all participants. We are confident that this will make disruptive technologies accessible and enjoyable for mainstream audiences,” stated Suji Yan, the Founder & CEO of Masks Community
On the planet of Web3, customers are continuously inspired to do their due diligence earlier than trusting an individual, platform, or any data they see, which is simpler stated than completed. 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 known as Want and Rizz.
(Picture 1: ‘Wish’ on discovery web page)
Social worth is created as customers create and take part in ‘Wishes’, which could be utilized for various functions, whether or not to hunt out data and perception or broaden your community and connections. Customers will then be capable of achieve ‘Rizz’ by way of contributions and engagements within the community, which is able to 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 try 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 fame.
With Zeek, customers will be capable of examine the reliability of an individual based mostly on the fame they’ve constructed, creating a complete new approach to implement belief within the Web3 world.
“The future of SocialFi is to create new social economies through the financialization of existing social behaviors and hence, we have built Zeek as we believe the endgame of SocialFi is the reputation layer, which bridges the gap between social influence 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. 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, shall be dropped later this month.
About Zeek
Zeek is a decentralized collaboration financial system incentivizing fame, and powered by modern social bounty mechanics known as ‘Wishes’. Particular person behaviors and engagements contribute to the development of a fame 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
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