T-Rex has announced the launch of its blockchain aimed at changing the way users interact with online content by rewarding them for everyday actions.
Funding and Support for T-Rex
T-Rex has successfully raised $17 million to realize ambitious plans to revolutionize online content publishing. Among its investors are companies like Portal Ventures, North Island Ventures, and Framework Ventures. This funding will help T-Rex tackle the 'ghost town' and 'mercenary users' challenges in blockchain.
Innovative Proof-of-Engagement Mechanism
The unique Proof-of-Engagement (PoE) mechanism will be used to automatically reward users for their interactions on the supported platforms. Users will be able to earn rewards simply for watching videos or engaging with content without needing to learn about cryptocurrency.
Incubation Fund and Growth Prospects
With an $8 million incubation fund, T-Rex plans to accelerate ecosystem growth by providing developers with resources beyond financial support, including media partnerships and community activations. This will help attract users and ensure their engagement with entertaining content.
T-Rex aims to create more accessible and user-friendly decentralized applications, promising new opportunities for both content creators and ordinary users, enhancing their participation and engagement in the digital economy.
