The Good Tech Companies - Rekt Raises $1.5M Seed Round Backed By Angels and Community, Following Sell-Out Of Rekt Drinks

Episode Date: November 7, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/rekt-raises-$15m-seed-round-backed-by-angels-and-community-following-sell-out-of-rekt-drinks. Funded exclusively by angel investors and the community—without institutional venture capital—this achievement highlights the support Rekt received from its loy Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #rekt, #chainwire, #press-release, #rekt-announcement, #crypto-funding, #nft, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Rekt Brands Inc. has completed a $1.5 million seed funding round. Rekt Drinks made its debut last week with 222,456 units available across 32 countries. The entire stock sold out in under 48 hours, with demand in the U.S. alone resulting in a complete sell-out.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Rekt raises $1.5 million seed round backed by angels and community, following sell out of Rekt Drinks by Chainwire. Wilmington, Delaware, November 7, 2024, Chainwire, Rekt Brands Inc. Rekt, the parent company behind the RektGuy NFT project, Rekt Drinks, and the Rekt brand intellectual property, is excited to announce the completion of a $1.5 million seed funding round. Funded exclusively by angel investors and the community, without institutional venture capital,

this achievement highlights the support Rekt received from its loyal and growing network. This funding announcement follows the debut of Rekt Drinks, Rekt's first consumer product. A lime-flavored sparkling water with zero caffeine and zero alcohol, featuring the Rekt branding. Rekt Drinks made its debut last week with 222,456 units available across 32 countries. The entire stock sold out in under 48 hours, with demand in the US alone resulting in a complete sellout within just 4 hours and 20 minutes. This launch represents one of the largest real-world product sales by a Web3 brand, reinforcing Rekt's potential as a cultural force in both digital

and traditional markets. Rekt was founded from the success of the RektGuy NFT collection, created by artist Ovi Farouk, OSF, in May 2022. Since then, the RektGuy project has expanded into Rekt Brands, which oversees the Rekt IP and pioneered a unique industry model by offering equity in the parent company directly to its NF folders, utilizing a Rekt CF exemption under SEC guidelines in the US. Greater than Rekt has had a die-hard, cult-like community for the past two years, and our greater than ambition is to fulfill its potential as one of the largest Web3 brands, said Greater than OSF. With the sellout of our drinks last week, that's 222,456 times someone

greater than is going to pick up a can with the Rekt logo and a Rekt guy on it. It's a greater than magnitude higher for us in terms of brand awareness. With this new funding, Rekt is poised to expand its product lineup, strengthen its brand awareness in and outside of Web3, while further bridging digital culture with physical consumer products. The Rekt community remains at the heart of the brand's mission, with upcoming projects that will continue to empower, engage, and reward its dedicated supporters. About Rekt Rekt Brands Inc. is the parent company that owns the RektGuy NFT project, Rekt Drinks, and the Rekt Brand intellectual property. Established from the success of the RektGuy NFT collection by artist Ovi Farouk, OSF,

the brand has expanded into consumer goods and groundbreaking community equity models. Rekt aims to define brand ownership and engagement through its Web3 foundation, innovative products, and viral global community. Contact CEOOVIE FAROOQ RektBrands Inc. OV at RektDrinks.com. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.