Zeek Network
Decentralized collaboration economy with monetized on-chain reputation.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $3.0m | Seed | |
| Total Funding | 000k | ||
Zeek Network is a decentralized collaboration platform that facilitates on-chain social bounty and reputation. Founded in 2024, the Hong Kong-based startup aims to address trust in the Web3 world by allowing users to verify a person's reliability based on their built-up reputation. The company has completed a $3 million seed funding round with investors including OKX Ventures, Animoca Brands, and Mask Network.
The platform operates as a decentralized collaboration economy where users can monetize their network, intelligence, and time through social bounty mechanics called 'Wishes'. Users create and participate in these 'Wishes' to seek information, expand connections, or collaborate. Engagement and contributions within the network build a reputation layer called 'Rizz', which serves as an on-chain record of the social value a user creates. This 'Rizz' can be monetized and used to gauge credibility and influence.
Zeek is built on the OpenSocial Protocol and is powered by X Layer, a ZK-powered EVM compatible chain from OKX and Polygon. The business model revolves around creating a new way to enforce trust and collaboration in the SocialFi space. By monetizing the value of social networks and personal skills, Zeek aims to create new opportunities for participants in the Web3 ecosystem. Ahead of its official launch in July 2024, the company planned to release a limited Genesis NFT collection.
Keywords: decentralized collaboration, SocialFi, on-chain reputation, social bounty, Web3, cryptocurrency, blockchain, NFT, decentralized network, reputation monetization, X Layer, OpenSocial Protocol, Zeek, Rizz, Wishes, social network, digital trust, online community, peer-to-peer collaboration, token economy