Zeek, a new decentralized social collaboration network, raises $3 million in seed funding to reinvent social reputation on Web3

adminJune 20, 2024

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 using reputation mechanisms.
The Tier-0 Genesis NFT collection, limited to 250 pieces, will be released later this month.

Zeek, a decentralized collaborative network for on-chain social bounties and reputation, has successfully completed a $3 million seed funding round ahead of its official launch in July.

Investors include OKX Ventures (as part of Everest Venture Group’s strategic investments in consumer-focused products, including Zeek), Animoca Brands, Mask Network, Arche Fund, Summer Ventures, Blockchain Coinvestors, Aspen Digital, CatcherVC, Panony, Spacebar, and Hardbank. There is. and super angels including Jason Kam of Folius Ventures, Ivan Li of Comma3 Ventures, and Donny Chi of WeMade.

“Supporting the Zeek team resonates with our goal of supporting bold founders in building the future of the open internet, and is certainly an exciting opportunity to participate in the early growth of something new in the SocialFi space. Our confidence in the team’s vision and ability to execute reinforces our commitment to helping them grow,” said Thanh Le, founder of Nighty Eight.

“We see significant potential in consumer-focused initiatives like Zeek that blend gamified experiences with real-world use cases in social and gaming contexts. Zeek’s decentralized collaborative economy fosters organic collaboration through on-chain bounties. By monetizing the idle value of social networks and personal technologies, we create new opportunities for all participants. We are confident that this will make disruptive technology accessible and enjoyable to mainstream audiences,” 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 any person, platform, or any information they see. This is easier said than done. Zeek aims to solve this problem through on-chain reputation constructs that recognize users who create value through social collaboration.

Powered by the OpenSocial Protocol, Zeek is a social network that allows users to unlock the value of intelligence, network, access, and time through an on-chain social bounty mechanism and reputation. hope and Leeds.

(Image 1: ‘Wishes’ on search page)

Social value is created when users create and participate in ‘wishes’ that can be applied for a variety of purposes, such as seeking information and insight or expanding networks and connections. Users can then earn ‘Rizz’ through their contributions and participation in the network, which naturally builds a social reputation layer for everyone and serves as on-chain recognition for the social value users create.

‘Rizz’ is the embodiment of karma: if you give more, you will get more in the form of financial incentives and measurable impact. Zeek’s products and tokens are designed to facilitate this collaboration and on-chain reputation building.

Zeek allows users to verify the trustworthiness of individuals based on the reputation they have built, creating an entirely new way to strengthen trust in the Web3 world.

“The future of SocialFi is to create a new social economy through the financialization of existing social behavior. Therefore, we built Zeek because we believe SocialFi’s end game is a reputation layer that bridges the gap between social influence and on-chain identity. said Angus Ko, CEO of Zeek.

Zeek is scheduled to officially launch in July, with a private beta running between now and launch date. Currently, users can pre-register through their X and Discord accounts here. Additionally, Zeek’s Tier-0 Genesis NFT collection, limited to 250 pieces, will be released later this month.

About Zeke

Zeek is a decentralized, collaborative economy that incentivizes reputation and is powered by an innovative social bounty mechanism called ‘Wishes’. Individual actions and participation contribute to building a reputation layer called ‘Rizz’, which can be monetized and used to measure trustworthiness, trustworthiness and influence.

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