Hong Kong, Hong Kong, June 20th, 2024,
Chainwire
- Zeek has completed a USD 3M seed funding round from
investors including OKX Ventures, Animoca Brands, and Mask
Network
- Zeek will be changing the way social collaboration
works in SocialFi through the use of reputation
mechanisms
- The Tier-0 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 USD 3M 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, Arche Fund,
Summer Ventures, Blockchain Coinvestors, Aspen Digital, CatcherVC,
Panony, Spacebar, Hardbank and super angels including Jason Kam of
Folius Ventures, Ivan Li of Comma3 Ventures and Donny Chi of
WeMade.
“Backing the Zeek team resonates with our goal of
supporting bold founders in building the future of the open
internet, and it is definitely an exciting opportunity to
participate in the nascent growth of something new in the SocialFi
space. Our confidence in the team's vision and execution
capabilities strengthens our commitment to helping their growth,”
said Thanh Le, the Founder of Ninety Eight.
“We see significant potential in consumer-oriented
initiatives like Zeek that blend real use cases with gamified
experiences in social and gaming contexts. Zeek's decentralized
collaboration economy promotes organic collaboration through
on-chain bounties. By monetizing the idle value of social networks
and personal skills, it creates new opportunities for all
participants. We are confident that this will make disruptive
technologies accessible and enjoyable for mainstream audiences,”
said Suji Yan, the Founder & 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 OpenSocial 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
Rizz.
(Image 1: ‘Wish’ on discovery page)
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 ‘Rizz’ 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.
‘Rizz’ 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.
“The future of SocialFi is to create new social
economies through the financialization of existing social behaviors
and hence, we have built Zeek as we believe the endgame of SocialFi
is the reputation layer, which bridges the gap between social
influence and on-chain identities,” said Angus Ko, CEO of
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 pre-register via their X and Discord
accounts here. Additionally, Zeek’s Tier-0
Genesis NFT collection, limited to 250, will be dropped later this
month.
About Zeek
Zeek 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 ‘Rizz’, which can be
monetized and utilized to gauge credibility, reliability, and
influence.
Twitter | Website
Contact
PR Manager
Kelvin Yeo
Everest Ventures Group
kelvin.yeo@evg.co