Web3

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

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

  • Zeek will likely be altering the best way social collaboration works in SocialFi by using popularity mechanisms
  • The Tier-0 Genesis NFT assortment, restricted to 250, will likely 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 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,” mentioned 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,” mentioned Suji Yan, the Founder & CEO of Masks Community

In the world of Web3, customers are always inspired to do their due diligence earlier than trusting a particular person, platform, or any data they see, which is simpler mentioned than performed. Zeek goals to resolve this by its on-chain popularity assemble, recognizing customers who create worth by 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 on-chain social bounty mechanics and popularity known as Want and Rizz.

‘Wish’ on Discovery Web page

Social worth is created as customers create and take part in ‘Wishes’, which might 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 of acquire ‘Rizz’ by 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 consumer creates. 

‘Rizz’ is an embodiment of karma whereby the extra you give, the extra you ought 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 popularity.

With Zeek, customers will be capable of test the reliability of a particular person based mostly on the popularity they’ve constructed, creating a complete new strategy 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,” 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 hereMoreover, Zeek’s Tier-0 Genesis NFT assortment, restricted to 250, will likely be dropped later this month.

About Zeek

Zeek is a decentralized collaboration economic system incentivizing popularity, and powered by revolutionary social bounty mechanics known as ‘Wishes’. Particular person behaviors and engagements contribute to the development of a popularity layer known as ‘Rizz’, which might be monetized and utilized to gauge credibility, reliability, and affect.

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Kelvin Yeo
Everest Ventures Group
kelvin.yeo@evg.co

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