Hong Kong, Hong Kong, June 20, 2024, Chainwire
- Zeek has completed a $3 million seed funding round from investors including OKX Ventures, Animoca Brands, and Mask Network.
- Zeek will change the way social collaboration works on SocialFi by using reputation mechanisms
- Tier-0 Genesis NFT Collection, Limited to 250, Will Be Removed Later This Month
Zeek, a decentralized collaboration network for on-chain social reputation and reward, successfully completed a $3 million seed funding round ahead of its official launch in July.
Investors include OKX Ventures (as part of its strategic investment in Everest Venture Group's consumer-facing products, which includes Zeek), Animoca Brands, Mask Network, Arche Fund, Summer Ventures, Blockchain Coinvestors, Aspen Digital, CatcherVC, Panony, Spacebar, Hardbank. and super angels like Jason Kam of Folius Ventures, Ivan Li of Comma3 Ventures, and Donny Chi of WeMade.
“Backing the Zeek team aligns with our goal of supporting bold founders in building the future of the open internet, and it's 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 them grow,” said Thanh Le, Founder of Nighty Eight.
“We see significant potential in consumer-facing initiatives like Zeek that combine real-world use cases with gamified experiences in social and gaming contexts. Zeek's decentralized sharing economy promotes organic collaboration through on-chain rewards. By monetizing the idle value of social media and personal skills, you create new opportunities for all participants. We are confident that this will make disruptive technologies accessible and enjoyable to the general public,” said Suji Yan, Founder and CEO of Mask Network.
In the world of Web3, users are constantly encouraged to do their due diligence before trusting a person, platform, or any information they see, which is easier said than done. Zeek aims to solve this through its on-chain reputation building, recognizing users who create value through social collaboration.
Powered by OpenSocial Protocol, Zeek is a social network that allows users to unlock the value of their intelligence, network, access and time through on-chain social reward and reputation mechanics called Want and Rizz.
(Image 1: 'Wish' on discovery page)
Social value is created when users create and participate in 'Wants', which can be applied for different purposes, whether seeking information and knowledge or expanding their network and connections. Users will then be able to earn 'Rizz' through contributions and engagements on the network, which will naturally build a layer of social reputation for everyone and act as a chain recognition of the social value that the user creates.
'Rizz' is an embodiment of karma whereby the more you give, the more you should be given in the form of financial incentive and measurable influence. The Zeek product and token are designed to encourage such collaboration and on-chain reputation building.
With Zeek, users will be able to check a person's trustworthiness based on the reputation they have built, creating a completely new way of enforcing trust in the Web3 world.
“The future of SocialFi is to create new social economies through the financialization of existing social behaviors and therefore we have built Zeek because we believe that the ultimate goal of SocialFi is the reputation layer, which bridges the gap between influence social and chain identities. ”said Angus Ko, CEO of Zeek.
Zeek is expected to officially launch in July, with its Private Beta running from now until the release date. Currently, users can pre-register through their X and Discord accounts here. Additionally, Zeek's Genesis NFT Tier-0 collection, limited to 250, will be removed later this month.
About Zeek
Zeek is a decentralized, reputation-driven sharing economy powered by innovative social reward mechanisms called “Wishes.” Individual behaviors and commitments contribute to the construction of a reputation layer called 'Rizz', which can be monetized and used to measure credibility, trustworthiness and influence.
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ContactPublic Relations ManagerKelvin YeoEverest Ventures Group[email protected]
This article was originally published on Chainwire.
