According to TechBullion, Web3 short video platform Cheelee has completed $8 million in equity financing and received $1.3 million in funding from venture capital funds, including Veligera Capital, Infinity Technology Fund and VC SILA. Cheelee will distribute "NFT glasses" to new users. The glasses can monitor the viewing time of videos and convert them into corresponding LEEs according to the length of time. The tokens can be used to upgrade NFT glasses, short video promotion, etc. The Cheelee app is in final testing and is expected to launch by the end of the year.