REPUBLIK, a global technology company focused on developing innovative methods of human interaction, has successfully concluded its $6 million seed funding round.
Notable investors, such as OKX Ventures, 6th Man Ventures, Arcane Ventures, CMS Holdings, Comma3 Ventures, Define Ventures, Enjin, FBG Capital, HTX, Mirana Ventures, Oracles Investment Group, Signum Capital, Sora Ventures, and UOB Venture Management, participated in this funding round.
The raised capital supports the development of REPUBLIK's platform and the creation of web3 creator tools on the blockchain.
REPUBLIK is currently in beta on web app, iOS, and Android platforms, offering creators novel interaction methods and recognition for their contributions.
Daniel He, REPUBLIK's CEO expressed that:
"For too long people have given their time, attention and creativity to existing platforms for almost nothing in return. REPUBLIK is going to change that by ensuring that the value of the community is fairly distributed. We're excited to have investors who share in our vision and partners that are helping us build a true community-owned platform.”
In contrast to traditional social platforms with fragmented and costly monetisation options, REPUBLIK utilises Web3 technologies to streamline the process, reducing Creator expenses.
This allows Creators to retain a larger portion of their earnings and establishes a token-based reward system for all users, based on content interaction, referrals, and support for Creators.
REPUBLIK values online community contributions and believes in equitable distribution of this value.
In the app, XP quantifies user contributions, while RPK serves as a freely traded community value token.
Users with more XP receive a higher distribution of RPK.
The REPUBLIK App is available on Google Play Store, Apple App Store and as a web app.
About REPUBLIK
Headquartered in Singapore with additional offices in Berlin and Los Angeles, REPUBLIK is on a mission to connect creators to their communities while rewarding everyone based on their interactions.
With a rapidly growing community, REPUBLIK redefines the realm of online interaction.
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