Republik, an online platform tailored for Web3 creators, recently celebrated a significant milestone by successfully closing its seed funding round at a staggering $75 million valuation, having raised $6 million. Notably, this funding round attracted participation from prominent investment firms deeply entrenched in the Web3 landscape, including OKX Ventures, HTX Ventures, Arcane Group, FBG Capital, Comma3 Ventures, Sora Ventures, and 6th Man Ventures.
OKX Ventures Joins Republik’s Seed Funding Round, Resulting in a Valuation of 75 Million Dollars
The capital infusion represents a pivotal step in Republik’s journey to construct an avant-garde platform aimed at empowering Web3 creators with cutting-edge blockchain-based tools. Republik itself functions as a Web3 social media platform, leveraging blockchain technology and smart contracts to simplify interaction and earnings. The organization’s innovative approach ensures that users can consistently reap rewards, as they’ve introduced an XP and RPK Token system within their ecosystem, allowing users to retain a larger portion of their earnings.
Presently, the platform remains in its beta phase, accessible across Android, IOS, and web platforms.
As stated by Republik’s CEO, the prevailing paradigm where users contribute their time, attention, and creativity to existing platforms without receiving equitable compensation is poised for change. Republik aims to rectify this by promising a fair and equitable distribution of community value.
Leave a comment