REPUBLIK raises $6M in seed funding, raising valuation to $75M REPUBLIK raises $6M in seed funding, raising valuation to $75M
Content creators can connect with their audience through REPUBLIK and utilize smart contracts to handle monetization processes.
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Updated: Oct. 11, 2023 at 12:50 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Web3 content creation platform REPUBLIK raised $6 million in its seed funding round, raising its valuation to $75 million.
REPUBLIK offers a platform where content creators can connect with their audiences and utilize built-in smart contracts to handle monetization processes. Overall, REPUBLIK provides a one-stop-shop for content creators to create, connect, and earn higher returns. It also allows the audience to earn rewards and spend them on supporting creators or referring friends.
Sora Ventures founder Jason Fang commented on Sora’s investment and said:
“REPUBLIK is changing the game for creators with tools that will supercharge the content creator journey and breathe new life into the creator economy. ”
REPUBLIK launched in November 2022 and exceeded over 500,000 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 REPUBLIK.
He 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.”
Funding for the latest investment comes from a variety of sources, including 6th Man Ventures by Mike Dudas, the founder of ‘The Block’, as well as Arcane Group, Define Ventures, Enjin, FBG Capital, Mirana Ventures, Sora Ventures, and Tron Network owned by Justin Sun.
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Posted In: Investments
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Zeynep Geylan
Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.
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REPUBLIK
REPUBLIK is a Web 3.0 virtual content platform that gives power back to creators & fans through the world’s first self-sustaining crypto-powered virtual economy where creators can maximize value from their social activity..
Sora Ventures
Sora Ventures is an Asia-based investment firm focused on blockchain technology and digital currencies.
