June 27, 2024
Redacted, a Web3 entertainment and gamification ecosystem, has successfully raised $10 million in funding. The investment was jointly spearheaded by Spartan Group, with contributions from Saison Capital, Animoca Brands, and Polygon Ventures. Prominent Web3 founders, venture capitalists, and angel investors also took part.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Redacted | $10M | June 27, 2024 | Seed | Spartan Group | Web3 |
Significant whales, such as Dingaling and Grail, were also involved in the round, demonstrating their endorsement for a holistic ecosystem of entertainment and gamification products that offer a more straightforward and gratifying user experience.
Redacted is a Web3 company building an "entertainment datasphere", with its goal to create a user-friendly and rewarding ecosystem for Web3 enthusiasts.
Their "entertainment datasphere" will be powered by the RDAC Token and a data protocol. This aims to provide a more targeted user experience and better commercial opportunities for Web3 companies and applications. The investment round also saw participation from leading Web3 figures and investors, highlighting the project's potential for a comprehensive and user-centric entertainment and gamification ecosystem.
Investors praised Redacted's team for their ambition and focus on building a complete ecosystem rather than just individual products. They believe this approach will maximize value creation, foster a strong community, and create a fun and engaging experience for users. Redacted's leadership team combines veterans from established companies like Tesla and LEGO with prominent figures in Web3.
About Redacted
Redacted is in the process of developing a network of entertainment and gamification products, thereby constructing an entertainment datasphere.
By utilizing the capabilities of blockchain and AI, Redacted is crafting a product ecosystem that forms an entertainment datasphere. This allows Web3 users to engage in their favorite activities — playing, trading, watching, and earning rewards. The RDAC Token fuels Redacted's ambition to support its entertainment and gamification products with a data protocol. This protocol aims to deliver enhanced, more personalized experiences for users and expanded business prospects for Web3 companies and Dapps.
The design and construction of the Redacted ecosystem are being guided by a distinguished group of advisors and consultants. These include representatives from industry giants such as Saison Capital, Confiction Labs, King/Candy Crush, Amazon, Microsoft, as well as some of the most significant crypto and NFT whales and early investors.
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About Investor
Investor: Spartan Group
Spartan Group is an investment firm focused on early-stage investments in the blockchain and crypto sectors. The firm supports projects that contribute to the future of decentralized technologies.
Location: Singapore
Website: https://spartangroup.io/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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