Republik Secures $75M Valuation in Seed Funding With OKX Ventures
According to reports, Republik, an online platform for Web3 creators, announced the successful completion of their seed funding round of $6 million at a whopping $75 million valuation. The seed funding round witnessed participation from some of the most vital investment firms in the Web3 realm, such as OKX Ventures, HTX Ventures, Arcane Group, FBG Capital, Comma3 Ventures, Sora Ventures, and 6th Man Ventures. The capital raised has set a landmark on Republik’s road in developing a state-of-the-art platform that empowers Web3 creators with the best tools available on the blockchain.
More about Republik
Republik is an online Web3 social media platform that uses blockchain and smart contracts to make interacting and earning easy. The organization asserts that its users can always earn rewards, owning to the fact that they’ve introduced an XP and RPK Token system into their ecosystem so that users can keep a much larger share of what they’ve earned. As of now, the platform is still in its beta phases across Android, IOS, and web platforms.
According to the CEO of Republik, “People have given their time, attention, and creativity to existing platforms for too long while gaining nothing in return. Republik stresses changing that by promising that the value of the community is fairly distributed.
Also read: Circle Partners Fintech Firm To Redefine USDC Remittance Scene
OKX Ventures Dominating the Web3, Crypto Realm
Earlier this year, OKX Ventures, the world’s popular cryptocurrency exchange by trading volume, let out an upgraded version of its app, empowering its users in Hong Kong to engage in safe and secure spot trading of virtual assets. The tokens that were listed and available for trade in Hong Kong included BTC, ETH, ADA, MATIC, SOL, DOT, UNI, LINK, SAND, LTC, AVAX, AXS, ATOM, XLM, USDT and USDC.
OKX Ventures is one of the leading capital investment firms in the crypto realm. The firm, founded in 2021, is the venture capital arm of OKX based in Mahe, Seychelles. According to a statement by OKX Ventures, “This is yet another prime example demonstrating the potential power of Web3 and blockchain technologies. We’ll continue to support their development throughout the journey.” The capital investment made by OKX Ventures marks a significant step for Republik as Web3 creators are constantly looking for better and evolving platforms that enhance their Web3 presence.
Also read: Sam Bankman-Fried Dreamt of Becoming US President, Caroline Ellison Testifies
- Bitcoin Should Be At $148,000 To Match With Gold Rally, Says Peter Schiff
- Dogecoin Gets Major Upgrade With Cardinals Index Node Launch, Analyst Predicts 37x Rally
- Coinbase Announces DoubleZero (2Z) Listing Following the US SEC’s No-Action
- Grayscale Staking Ethereum ETF Debuts By Locking 32,000 ETH But Inflows Disappoint
- Pi Network Loses $18B Value in Six Months as Expert Warn of “Rug Pull” Risk
- Solana Price Eyes 56% Rebound Amid Solana Company’s Massive $530M SOL Acquisition
- Ethereum’s Price Bullish Cycle Resumes as Grayscale Launches Spot Staking ETPs – Is $7,331 Next?
- Pi Network Price Risky Pattern Points to Crash as 14M Coins Leave OKX
- Bitcoin Price Prediction as Exchange Reserves Hit 6-Year Low—Is $150K Within Reach?
- Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
