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Rekt Raises $1.5M Seed Round Backed by Angels and Community, Following Sell-Out Success of Rekt Drinks

November 8, 2024
in NFT
Reading Time: 3 mins read
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Wilmington, Delaware, November seventh, 2024, Chainwire

Rekt Manufacturers Inc. (Rekt), the mother or father firm behind the Rektguy NFT venture, Rekt Drinks, and the Rekt model mental property, is worked up to announce the completion of a $1.5 million seed funding spherical. Funded completely by angel buyers and the neighborhood—with out institutional enterprise capital—this achievement highlights the assist Rekt obtained from its loyal and rising community.

This funding announcement follows the debut of Rekt Drinks, Rekt’s first client product: a lime-flavored glowing water with zero caffeine and nil alcohol, that includes the Rekt branding. Rekt Drinks made its debut final week with 222,456 models accessible throughout 32 nations. All the inventory bought out in below 48 hours, with demand within the U.S. alone leading to a whole sell-out inside simply 4 hours and 20 minutes. This launch represents one of many largest real-world product gross sales by a Web3 model, reinforcing Rekt’s potential as a cultural power in each digital and conventional markets.

Rekt was based from the success of the Rektguy NFT assortment, created by artist Ovie Faruq (OSF) in Might 2022. Since then, the Rektguy venture has expanded into Rekt Manufacturers, which oversees the Rekt IP and pioneered a novel business mannequin by providing fairness within the mother or father firm on to its NFT holders, using a Reg CF exemption below SEC tips within the U.S.

“Rekt has had a die-hard, cult-like neighborhood for the previous 2 years, and our ambition is to meet its potential as one of many largest Web3 manufacturers,” mentioned OSF. “With the sell-out of our drinks final week, that’s 222,456 instances somebody goes to select up a can with the Rekt emblem and a Rektguy on it. It’s a magnitude greater for us when it comes to model consciousness.”

With this new funding, Rekt is poised to increase its product lineup, strengthen its model consciousness in and outdoors of Web3, whereas additional bridging digital tradition with bodily client merchandise. The Rekt neighborhood stays on the coronary heart of the model’s mission, with upcoming initiatives that can proceed to empower, interact, and reward its devoted supporters.

About Rekt 

Rekt Manufacturers Inc. is the mother or father firm that owns the Rektguy NFT venture, Rekt Drinks, and the Rekt model mental property. Established from the success of the Rektguy NFT assortment by artist Ovie Faruq (OSF), the model has expanded into client items and groundbreaking neighborhood fairness fashions. Rekt goals to redefine model possession and engagement by way of its Web3 basis, revolutionary merchandise, and viral world neighborhood.

Contact

CEOOvie FaruqRekt Manufacturers Inc.[email protected]

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Tags: 1.5MAngelsBackedcommunityDrinksRaisesRektSeedSelloutSuccess
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