Hong Kong, Hong Kong, June 20, 2024, Chainwire

• Zeek has raised $3 million in seed funding from traders together with OKX Ventures, Animoca Manufacturers and Masks Community.
• Zeek is altering the best way social collaboration works on SocialFi by means of the usage of a status mechanism.
• The Tier-0 Genesis NFT assortment, restricted to 250 items, is scheduled to launch later this month.

Zeek, a decentralized collaboration community for on-chain social bounties and status, has efficiently accomplished a $3 million seed spherical of funding forward of its official launch in July.

Traders embrace OKX Ventures (a part of Everest Enterprise Group's strategic investments in client merchandise, together with Zeek), Animoca Manufacturers, Masks Community, Arche Fund, Summer time Ventures, Blockchain Coinvestors, Aspen Digital, CatcherVC, Panony, Spacebar, Hardbank, and tremendous angels similar to Jason Kam of Folius Ventures, Ivan Li of Comma3 Ventures, and Donny Chi of WeMade.

“Backing the Zeek workforce aligns with our objective of supporting daring founders constructing the way forward for the Open Web and is actually an thrilling alternative to take part within the early development of one thing new within the SocialFi house. Our confidence within the workforce's imaginative and prescient and skill to execute strengthens our dedication to assist their development,” stated Thanh Le, Founding father of Nighty Eight.

“We imagine that consumer-driven initiatives like Zeek have enormous potential to mix gamified experiences with real-world use instances in social and gaming contexts. Zeek's decentralized collaborative financial system fosters natural collaboration by means of on-chain bounties. Monetizing the unused worth of social networks and private expertise creates new alternatives for all individuals. We imagine it will make disruptive applied sciences accessible and pleasurable for mainstream audiences,” stated Suji Yan, Founder and CEO of Masks Community.

Within the Web3 world, customers are consistently being requested to do their due diligence earlier than trusting an individual, platform, or any info they arrive throughout, however that is simpler stated than accomplished. Zeek goals to unravel this drawback by means of on-chain status constructing, recognizing customers who create worth by means of 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 means of on-chain social bounty mechanisms and status. Want and The Ritz.

(Picture 1: “Want” on the invention web page)

Social worth is generated by customers taking part by creating “Needs”, which can be utilized for quite a lot of functions, together with looking for info and insights, or increasing their networks and connections. Customers can then earn “Rizz” by means of their contributions and engagement within the community, which naturally builds a social status layer for everybody and acts as an on-chain recognition of the social worth customers create.

“Rizz” is the embodiment of karma – the extra you give, the extra it’s best to obtain within the type of monetary incentives and measurable affect. Zeek's product and token are designed to encourage this collaboration and on-chain status constructing.

Zeek permits customers to examine an individual's credibility primarily based on the status they’ve constructed, creating a completely new technique to implement belief within the Web3 world.

“We constructed Zeek with the assumption that the way forward for SocialFi is to create a brand new social financial system by means of the financialization of current social habits, and that the final word objective of SocialFi is a status layer that bridges the hole between social affect and on-chain identification,” stated Angus Koh, CEO of Zeek.

Zeek is ready to formally launch in July, with the non-public beta operating from now till the discharge date, and customers can at the moment pre-register right here by means of their X and Discord accounts. Moreover, Zeek's Tier-0 Genesis NFT assortment, restricted to 250 items, is scheduled to launch later this month.

About Zeke

Zeek is a decentralized collaborative financial system that incentivizes status, enabled by an revolutionary social bounty mechanism known as “Needs”. People' actions and engagement contribute to constructing a status layer known as “Rizz”, which will be monetized and used to measure trustworthiness, credibility and affect.

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contactPublic Relations SupervisorKelvin YeoEverest Enterprise GroupKelvin [email protected]

This text was first revealed on Chainwire