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The fundraising additionally attracted participation from Portal Ventures, North Island Ventures, ArkStream Capital, Aware Enterprise Capital, Hypersphere, SNZ, and Arche Fund.
The platform gives a browser extension that allows customers to trace their engagement on varied platforms.
It leverages zero-knowledge transport layer safety know-how to confirm data between web2 and web3 platforms with out compromising consumer privateness.
T-Rex has raised $17 million in a pre-seed spherical backed by Framework Ventures, Arbitrum Ventures, Portal Ventures, North Island Ventures, ArkStream Capital, Aware Enterprise Capital, Hypersphere, SNZ, and Arche Fund.
The corporate is constructing a Web3 platform that rewards customers with cryptocurrency for participating with content material on varied social media and leisure platforms, together with TikTok, YouTube or the X platform.
The corporate gives a browser extension that allows customers to trace their engagement on the platforms they’re lively on. It leverages zero-knowledge transport layer safety know-how to confirm data between web2 and web3 platforms with out compromising consumer privateness.
To activate the engagement monitoring mechanism, customers should click on on “popcorn”, which seems within the nook of their display when watching content material. The extra content material they watch the extra factors they collect, that are convertible to crypto rewards.
In line with the announcement, T-Rex leverages an intuitive monitoring mechanism that allows it to study customers’ preferences for future content material suggestions. The browser extension is scheduled for launch by the top of this summer season, the corporate mentioned.
Commenting on the announcement, Allen Ng, the agency’s co-founder mentioned in a press release: “Our blockchain stays invisible, letting them effortlessly flip their on-line enjoyable into significant rewards. Our imaginative and prescient is to let consideration turns into fairness, neighborhood turns into energy and participation turns into forex.”
The corporate is focusing on to onboard greater than 100 content material creators by the top of the yr whereas additionally increasing its media partnerships and bolstering mental property collaborations.
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