‏إظهار الرسائل ذات التسميات Coinbase Ventures. إظهار كافة الرسائل
‏إظهار الرسائل ذات التسميات Coinbase Ventures. إظهار كافة الرسائل

Token Powered Social Platform Taki Raises $3.45 Mn in Seed Funding By CoinDCX, Coinbase Ventures, Solana Ventures and Others

Taki Raises $3.45 Mn in Seed Funding By CoinDCX, Coinbase Ventures, Solana Ventures and Others
  • Taki is incubated at SuperLayer, a leading Web3 venture studio
  • 11 investors have come on-board for this funding investment
  • The token-based social networking platform for content creators will utilise the capital for hiring and expansion

Taki, a global token-powered social network, slated to launch in India next month, has raised $3.45M through 11 marquee global investors. The round saw participation from key crypto exchanges and investors like CoinDCX, Coinbase Ventures, FTX, OKX Blockdream Ventures, Solana Ventures, Formless Capital, Gemini Frontier Fund, Luno Expeditions, Huobi Ventures, Kraken Ventures, and Roka Works, reflecting their confidence in the platform and unique proposition that Taki team brings as it plans to enter India.

With this investment, Taki plans to accelerate its product, and technological development and overdrive by directing the funds towards crucial operations such as proactive team building, hiring talent across functions and marketing activities. The company will also expand its presence in other key markets gradually post its India launch and invest in strengthening its creators’ network. These funds will further be extended towards product designing, engineering, Go-To-Market activities, General and Administrative (legal, finance), partnerships, community building and more.

Commenting on the announcement, Sakina Arsiwala, Co-Founder, Taki said “Taki is a work of passion and an amalgamation of vision to bring a new dimension and meaning for social content consumption. We are glad that our investors see a great scope for expanding personal economy space with the power of crypto tokens. Taki is designed to be a secure, safe and tech superior product that enables social enthusiasts to consume, invest, share, transact and build a token-based content portfolio. Taki is the perfect platform for the creators, who wish to increase their network and enable growth for their fan-base too. The burgeoning creators’ economy is making more meaningful contributions towards the businesses at large across the global markets, and are shaping the way content is getting monetised.”

Taki is built with an “EngageToEarn" product design and integrates user coins with social media features to incentivize and reward activities that benefit the Taki community. Incubated at SuperLayer, Taki received product design advice and networking support prior to the project’s independent spin-out and launch. Taki is built on the Solana Blockchain - with support from the Solana Foundation - which allows Taki to provide fast and inexpensive transactions with low environmental impact, and makes Taki more accessible to communities at a global scale. To make the platform more inclusive to established and emerging communities, Taki has set up a 2.5 million USD creator fund to bring content creators to Taki who can drive a high level of awareness and enhance overall user engagement for the platform.

The platform is currently invite-only, but users can sign up on the waitlist with public access coming soon and follow the project on Twitter. Taki brings a unique engagement platform for creators, users, and crypto enthusiasts, who can earn a daily income by simply posting content and chatting with others about things that interest them.

Taki becomes the first platform to introduce the concept of user coin ($UCOIN). A user coin is a monetary representation of the personal social network, where a user can buy and sell user coins using a $TAKI token. User coins can generate a new source of income for creators who are traditionally reliant on sponsored content deals. It allows users to control their personal economy with a branded coin that they own.

The platform allows users to earn in two ways, one through the crypto token $TAKI, and the second through individual user coins for every user ($UCOIN). In both ways, a user can earn by creating content that other users enjoy, or even by pursuing a basic level of engagement activities such as commenting on and liking the posts. It also allows existing users to buy a particular creator’s user coins at the initial stages and remain part of that community and enjoy appreciation of token as the community grows—leading to a creation and growth one`s personal economy on the Taki platform.

The community token sale of $TAKI by the TAKI DAO is anticipated in the late April 2022 with the goal to enable broader distribution of $TAKI and promote awareness of the Taki project.

Extending his thoughts, Kevin Chou, Managing Partner at SuperLayer said, “It is heartening to witness such a positive start towards an affirmative beginning. Extending our heartfelt gratitude to all our investors who trusted in our vision and aiding us towards making it a reality. Taki’s journey towards success will always be incomplete without their support.”

About Taki

Taki is a global token-powered social network where everyone can earn a daily income by simply posting content and chatting with others about things that interest them. Users earn $TAKI, a crypto token, by creating content that other users enjoy, and by commenting on and liking posts. Taki also allows users to create their user coin to build their individual economy on the Taki platform.

About SuperLayer

SuperLayer is a community of builders creating transformative Web3 experiences that democratize opportunity and ownership of the internet. SuperLayer is made up of a team of crypto-passionate builders, founders, investors, operators, and product managers who’ve built multiple companies from zero-to-one and beyond. SuperLayer is a partner of the $RLY network, an open, decentralized network powered by its governance token, $RLY. It supports an ecosystem of consumer crypto applications to bring the next 100 million users into crypto.

Coinbase Ventures and Buidlers Tribe Join Hands to Fund Web3 Innovations in India


Coinbase Ventures and Buidlers Tribe unite to foster Web3 innovation in India 

Startups stand a chance to pitch and win up to $1Million in funding from Coinbase Ventures and $25K in grants and mentorship to select founders from BeliefDAO

Coinbase Ventures, the investment arm of Coinbase, the world’s most trusted platform from which to access the cryptoeconomy, has partnered with Indian Incubator, Buidlers Tribe, to launch a Startup Pitch Session to propel the thriving Web3 ecosystem in India. Registrations are now open for Web3 startups from across India to send in their pitches, and the top 5 shortlisted startups will present live on April 8, 2022, to an esteemed panel of experts from Coinbase Ventures and Buidlers Tribe. The startups can apply for this event here.

A cohort of the top twenty-five shortlisted startups will pitch via video entries and the top five will get a chance to win from a prize pool of up to $1 million from Coinbase Ventures and an additional $25K in grants along with mentorship support from Belief DAO.

The web3 startup ecosystem has expanded considerably in recent years and has garnered significant interest. The space saw a record $17 billion in funding last year and has already crossed $3 billion this year. Being the third-largest startup ecosystem globally, India has been recognised as a technology hub with several global names hoping to tap into developer talent.

“ At Coinbase, we are extremely excited about Web3 innovation happening in India and look forward to continuing our ongoing support of the Indian crypto/Web3 ecosystem. The Web3 community in India is quickly becoming a global force, and with our initiative with Buidlers Tribe, we are demonstrating our commitment to fostering this talent, ” Shan Aggarwal, VP, Coinbase Ventures.

Registration for the pitch event is open for Indian Web3 startups. A select twenty-five innovative startups with sustainable ideas will be granted the opportunity to submit video pitches for review by the Coinbase Ventures team, and a shortlist of the top entries will be invited to pitch live on April 8th. The Pitch Session will include expert panelists namely Shan Aggarwal (VP, Coinbase Ventures), Surojit Chatterjee (Chief Product Officer, Coinbase), Manish Gupta (EVP Engineering, Coinbase), Pankaj Gupta (VP Eng and Site Lead, Coinbase India), Justin Mart (Chief Crypto Advisor), Raghu Mohan (Co-founder, Buidlers Tribe), and Pareen Lathia (Co-founder, Buidlers Tribe), who will be guiding the startups and providing them with valuable insights to enhance their solutions further.

“Buidlers Tribe’s aim has always been to support Web3 innovation in all its forms and give the innovators the right platform. This partnership with Coinbase Ventures is a step in this direction. We are glad that Coinbase Ventures has made a commitment the Indian Web3 ecosystem and to support and foster innovation among these startups. India has been at the forefront of the Web3 boom globally and has been bullish on the potential of this technology. We see a huge influx of global Web3 players recognizing this potential of the Indian developer ecosystem and are incredibly proud to stand with our fellow Web3 pioneers. We look forward to interesting projects that are building a sustainable decentralized space for all.” Pareen Lathia, Co-founder, Builders Tribe

The winning startups will stand to receive up to $1 million from Coinbase Ventures and select founders will receive up to $25K in grants along with mentorship support additionally, from Belief DAO. Belief DAO is a grants program that provides grant amounts of $5K - $25K with a quick disbursement period to help push founders, developers, and startups to meet their short-term goals.

The applications to apply for this event are open - https://coinbase.buidlerstribe.com/#

About Coinbase:

Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. Coinbase started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy.

About Buidlers Tribe:

Buidlers Tribe is an incubator that takes founders/startups from idea/proof-of-concept/MVP stage and works with them to build companies. They focus on Web3 companies and are platform agnostic. They vet appropriate startups for investors according to the investor’s needs and have access to various experts in the blockchain field. For more details, visit: https://buidlerstribe.com/

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