Revolutionizing Social Collaboration in the Web3 Era
Zeek, a decentralized collaboration network focused on on-chain social bounty and reputation systems, has successfully concluded a USD 3 million seed funding round ahead of its official launch slated for July.
The recent funding round saw participation from prominent investors such as OKX Ventures, Animoca Brands, and Mask Network, among others. Notable industry figures and super angels including Jason Kam of Folius Ventures, Ivan Li of Comma3 Ventures, and Donny Chi of WeMade expressed their confidence in Zeek's vision and execution capabilities.
In a statement, Thanh Le, the Founder of Nighty Eight, highlighted the alignment of supporting visionary founders with the team behind Zeek. This strategic investment aims to contribute to the evolution of the open internet by pioneering developments in the emerging SocialFi realm.
Suji Yan, the Founder & CEO of Mask Network, emphasized the potential of initiatives like Zeek that combine real-world applications with interactive gamification elements within social and gaming environments. Zeek's model of decentralized collaboration facilitates genuine engagement through on-chain bounties, enabling the monetization of social networks' latent value and individuals' skills to create inclusive opportunities for all participants.
On-Chain Reputation Mechanism
Web3 users face the challenge of discerning trustworthiness in interactions online. Zeek addresses this issue by introducing an on-chain reputation framework that rewards users for constructive social contributions.
Leveraging the OpenSocial Protocol, Zeek functions as a social platform where users can leverage their intellect, connections, accessibility, and time through on-chain social bounty mechanisms and reputation metrics known as Wish and Rizz.
Enabling Social Value Creation
The platform incentivizes social value creation by encouraging users to participate in 'Wishes' tailored for acquiring insights, expanding networks, or seeking information. Through active engagement, users accumulate 'Rizz', a form of karma that correlates giving with receiving economic rewards and influence. This mechanism underpins the development of a comprehensive social reputation layer, recognizing each user's social contributions.
Enhancing Trust in Web3
'Wish' provides users with a means to evaluate credibility based on established reputations, fostering a novel approach to establishing trust in the Web3 landscape.
Angus Ko, the CEO of Zeek, elucidated on the platform's overarching goal of reshaping the SocialFi landscape by merging social behaviors with financial frameworks. Central to this vision is Zeek's emphasis on the reputation layer as the linchpin connecting social influence with on-chain identities.
Anticipated Launch and Engagement
Zeek is scheduled to be officially launched in July, preceded by a Private Beta period leading up to the unveiling. Interested users can pre-register through their X and Discord accounts on the Zeek platform. Additionally, the Tier-0 Genesis NFT collection, limited to 250 unique pieces, is set to be released later this month.
About Zeek
Zeek operates as a decentralized collaboration ecosystem incentivizing reputation through innovative social bounty mechanisms called 'Wishes'. This framework facilitates the development of 'Rizz', a reputation layer that can be harnessed for assessing credibility, trustworthiness, and impact.
Contact
PR Manager
Kelvin Yeo
Everest Ventures Group
kelvin.yeo@evg.co
Disclaimer
This article is a sponsored press release. Individuals are advised to conduct thorough research and seek financial guidance before engaging in any investment activities, as per CoinMarketCap's recommendations.
