The Good Tech Companies - Zeek Raises USD 3M Seed Funding To Reinvent Social Reputation In Web3

Episode Date: June 20, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/zeek-raises-usd-3m-seed-funding-to-reinvent-social-reputation-in-web3. Zeek, a decentralized collaboration network for on-chain social bounty and reputation, has successfully completed a USD 3M seed funding round ahead of its offic Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #zeek, #chainwire, #press-release, #zeek-announcement, #crypto-funding, #decentralization, #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. Zeek has completed a USD 3M seed funding round from investors including OKX Ventures, Animoca Brands, and Mask Network. The Tier-0 Genesis NFT collection, limited to 250, will be dropped later this month. Zeek is a social network that allows users to unlock the value of their intelligence, network, access, and time through on-chain social bounty mechanics.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Zeek raises $3 million USD seed funding to reinvent social reputation in Web3. By Chainwire. Hong Kong, Hong Kong, June 20, 2024, Chainwire, Zeek has completed a $3 million USD seed funding round from investors including OKEx Ventures, Animoca Brands, and Mask Network. Zeek will be changing the way social collaboration works in social FI through the use of reputation mechanisms. The Tier Zero Genesis NFT collection, limited to 250, will be dropped later this month. Zeek, a decentralized collaboration network for on-chain social bounty and reputation, has successfully completed a $3

million United States 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-oriented products, which includes Zeek, Animoca Brands, Mask Network, ArchiFund, Summer Ventures, Blockchain Co-Investors, Aspen Digital, Catcher VC, Panani, Spacebar, Hardbank and Super Angels including Jason Kam of Folius Ventures, Ivan Lee of Kama3 Ventures and Donny Kai of WeMade. Greater than, backing the Zeek team resonates with our goal of supporting bold founders in greater than building the future of the open internet, and it is definitely an exciting

greater than opportunity to participate in the nascent growth of something new in the greater than social FI space. Our confidence in the team's vision and execution capabilities greater than strengthens our commitment to helping their growth, said Tan Le, the greater than founder of 98. Greater than. We see significant potential in consumer-oriented initiatives like Zeek that greater than blend real-use cases with gamified experiences in social and gaming contexts. Greater than Zeek's decentralized collaboration economy promotes organic collaboration greater than through on-chain bounties. By monetizing the idle value of social networks and greater than personal skills,

it creates new opportunities for all participants. We are greater than confident that this will make disruptive technologies accessible and enjoyable greater than for mainstream audiences, said Suji Yan, the 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 construct, recognizing users who create value through social collaboration, powered by open social protocol. Zeek is a social network that allows users to unlock the value of their intelligence,

network, access, and time through on-chain social bounty mechanics and reputation called WISH and RIS. Social value is created as users create and participate in wishes, which can be applied for different purposes, whether to seek out information and insight or expand your network and connections. Users will then be able to gain RIS through contributions and engagements in the network, which will naturally construct a social reputation layer for everyone and act as an on-chain recognition of the social value the user creates. RIS is an embodiment of karma whereby the more you give, the more you should be given in forms of economic incentive and measurable influence.

ZEEK's product and token are designed to foster such collaboration and construction of on-chain reputation. With ZEEK, users will be able to check the reliability of a person based on the reputation they have built, creating a whole new way to enforce trust in the Web3 world. Greater than the future of social FI is to create new social economies through the greater than financialization of existing social behaviors and hence, we have built Zeek as greater than we believe the endgame of social FI is the reputation layer, which bridges the greater than gap between social influence and on-chain identities, said Angus Koh, CEO of Greater Than Zeek. Zeek is anticipated to officially launch in July, with its private beta running from the present until the launch date. Currently, users are able to top or register via their X and Discord

accounts here. Additionally, Zeek's Tier Zero Genesis NFT collection, limited to 250, will be dropped later this month. About Zeke Zeke is a decentralized collaboration economy incentivizing reputation and powered by innovative social bounty mechanics called Wishes. Individual behaviors and engagements contribute to the construction of a reputation layer called RIS, which can be monetized and utilized to gauge credibility, reliability, and influence. Twitter, website contact PR manager Kelvin Yeo Everest Ventures Group Kelvin.yeo at evg.co. 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.