According to CryptoSlate, REPUBLIK, a Web3 content creation platform, completed a seed round of financing of US$3.7 million, and its valuation increased to US$75 million. The participating institutions are unknown. REPUBLIK allows content creators to connect with their audience on the platform and utilizes built-in smart contracts to handle the monetization process, enabling content creators to create, connect and earn rewards. Launched in November 2022, REPUBLIK currently has more than 85,000 registered users in the alpha version.