REPUBLIK completes $6 million in seed funding, with a valuation of $75 million.

REPUBLIK raises $6 million in seed funding, valuing the company at $75 million.

As a global technology company that creates new interactive ways, REPUBLIK is proud to announce that it has successfully completed a $6 million seed round of financing. A group of leading investors actively participated in this round of financing, including OKX Ventures, 6th Man Ventures, Arcane Ventures, CMS Holdings, Comma3 Ventures, Define Ventures, Enjin, FBG Capital, HTX Ventures, Mirana Ventures, Oracles Investment Group, Signum Capital, Sora Ventures, and UOB Venture Management.

Announce Seed Round Financing

The funds raised will be used to build the REPUBLIK platform and develop cutting-edge Web3 creator tools on the blockchain. Currently, REPUBLIK’s web application, iOS application, and Android application are still in the testing phase, but they have gained tremendous momentum, providing creators with new interactive ways to earn rewards through their contributions to the platform.

Daniel He, CEO of REPUBLIK, said: “For a long time, people have invested time, energy, and creativity into existing platforms, but have received almost nothing in return. REPUBLIK will change this situation by ensuring the fair distribution of community value. We are delighted to have investors who share the same vision as us, and our partners are helping us build a platform that truly belongs to the community.”

• LianGuai Morning News | Brazilian official suggests prosecuting Binance executive SBF, whose ambition is to become the President of the United States.
• Inventory of 16 Israeli concept coins worth paying attention to, with infrastructure and DeFi as the main force.
• Farcaster Why is the community’s response mediocre despite Vitalik’s praise and a16z’s investment?

Unlike traditional social platforms with dispersed monetization options and often high costs, REPUBLIK simplifies the entire process using Web3 technology, greatly reducing the costs for creators. This not only allows creators to retain a larger share of their income but also brings a token-based reward system that allows everyone to earn income through interacting with content, referring friends, and supporting creators.

Traditional platforms monetize users’ attention without directly compensating them. REPUBLIK believes that online communities have high value, and this value should be distributed fairly to those who help create it. Therefore, XP in the application represents the value brought by users, and RPK is a freely tradable token that represents community value. The more XP a user has, the more RPK they will receive.

The REPUBLIK app can be downloaded from the Google Play Store and Apple App Store, or the web application can be downloaded through a desktop browser: https://app.republik.gg/

About REPUBLIK

Republik is headquartered in Singapore with offices in Berlin and Los Angeles. Its mission is to bridge creators and communities and reward everyone based on interaction.

REPUBLIK is redefining the online interactive field, and its community is growing rapidly.

Official website: https://republik.gg/

Twitter: https://twitter.com/republik_gg

Instagram: https://www.instagram.com/republik_official/

Telegram: https://t.me/officialrepublik/

Discord: https://discord.gg/officialrepublik

We will continue to update Blocking; if you have any questions or suggestions, please contact us!