Web3 content creation platform REPUBLIK has raised $3.5 million in a seed funding round, raising its valuation to $75 million.
REPUBLIK Raises $3.5M in a Seed Funding Round
REPUBLIC provides a platform that allows content creators to engage with their audience and leverage built-in smart contracts to handle the monetization process. In addition, REPUBLIK provides a one-stop shop for content creators to create content, connect and generate higher revenue. Viewers can also earn rewards and use them to support creators or recommend friends. Sora Ventures is one of the companies that invested in REPUВLIK. Jason Fang, founder of Sora Ventures, commented on Sora’s investment:
“REPUBLIK is changing the game for creators with tools that will supercharge the content creator journey and breathe new life into the creator economy. ”
REРUBLIK launched in November 2022 and currently has over 85,000 users registered in the platform’s alpha version. REPUBLIK’s co-founder, Daniel He, noted that the future of Web3 will belong to platforms that behave as a bridge, like REРUBLIK. He specifically stated:
“It will be a platform that breaks down barriers to all sorts of interactions while allowing everyone to have a stake in the ecosystem and get rewarded fairly for their contributions.”
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