Web3 content creation platform REPUBLIK has raised $3.7 million in a seed funding round, raising its valuation to $75 million.
REPUBLIK provides a platform that allows content creators to connect with their audience and handle the monetization process with built-in smart contracts. Overall, REPUBLIK offers a one-stop shop for content creators to create, connect, and earn more. Viewers can also earn rewards and use them to support creators and refer friends.
Commenting on Sora’s investment, Jason Feng, founder of Sora Ventures, said:
“REPUBLIK is changing the game for creators with the tools to accelerate their journey and breathe new life into their economy.”
REPUBLIK launched in November 2022 with over 85,000 registered users on the platform’s alpha. REPUBLIK co-founder Daniel He says the future of Web3 belongs to platforms like REPUBLIK that act as bridges.
“It will be a platform that breaks down barriers to all kinds of interaction and allows everyone to participate in the ecosystem and be fairly rewarded for their contributions.”