Giggles has raised $1.2 million in pre-seed funding from investors including 1kx Capital, Virtuals Protocol, Social Graph Ventures, and angel investors with backgrounds in OpenAI and Bain Capital. Positioned as a social application similar to TikTok, Giggles allows users to "trade" content, combining information dissemination with market mechanisms. The project launched its beta version in August 2025 and has already attracted approximately 150,000 users to participate in content trading, covering about 10,000 videos. Currently, there are 400,000 people on the waiting list, and the official launch in the US is planned for soon.