Web3 Social Network, Zeek Receives $3 Million US Dollar Fund Injection!

Bittime - Web3 that emphasizes the concept of user ownership and control of data. However, trust is crucial in this virtual space. This is what Zeek, a decentralized social network that has just raised initial funding of US$3 million (around Rp. 43.2 billion), is trying to answer. 

Launched in July, Zeek offers a unique concept that combines social networking with blockchain- based "on-chain reputation" .

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Well-known investors such as OKX Ventures, Animoca Brands, and Mask Network also support Zeek. 

"We believe the Zeek team has a strong vision and good execution capabilities. We want to participate in the growth of the fast-growing SocialFi space," said Thanh Le, founder of Nighty Eight, one of Zeek's investors.

Also read: Web3 Gaming is here! XOCIETY and Sui Redefine Gaming Standards in the Web3 Era

Zeek Skills and Network Monetization

Different from conventional social networks, Zeek carries the concept of a "decentralized collaboration economy". Through a feature called "Wish", users can ask for help or information from other users.

In return, they can offer prizes in the form of crypto tokens. Meanwhile, users who fulfill the "Wish" will get a positive reputation recorded on the blockchain, called "Rizz".

In short, Zeek enables users to “leverage” the value of their intelligence, network, access, and time. "Rizz" reflects user contributions and engagement on this social network. 

It's a kind of digital "karma," where the more you give, the greater your "influence" and earning potential.

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Zeek Builds Trust in a Web3 World

With its blockchain-based reputation system, Zeek seeks to address the challenges of trust in the Web3 world. Through "Rizz", users can easily check the credibility of others, thereby creating a more trustworthy social network.

Also read: Polkadot Launches SDK for Web3 Gaming 

"The future of SocialFi is building a new social economy through the monetization of existing social behavior," said Angus Ko, CEO of Zeek. "We believe Zeek can be a bridge between social influence and digital identity on the blockchain."

Currently, Zeek is in the pre-registration stage which is open to X and Discord users. Additionally, Zeek also plans to launch a limited edition NFT (Non-Fungible Token) collection this month.

Zeek comes as a breath of fresh air in the Web3 world, offering an innovative and trust-first social network. Let's look forward to his presence next July!

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How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn Complete Guide How to Buy Crypto on Bittime. 

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.