The T-Rex platform, focused on entertainment and cultural virality, has announced a $17 million fundraising to implement a new blockchain technology that will reward users for their online activities.
Initial Funding and Support
T-Rex has secured $17 million from strategic investors, including Portal Ventures and North Island Ventures, to revolutionize online content and simplify user rewards for everyday interactions on social platforms.
Innovative Proof-of-Engagement Mechanism
To tackle the problem of user scarcity in blockchain applications, T-Rex implements a Proof-of-Engagement mechanism that rewards users for their interaction with digital content, turning everyday app usage into real value.
Developer Support through Incubation Fund
Through an $8 million Incubation Fund, T-Rex aims to accelerate ecosystem growth by offering developers support, including media partnerships and community engagement resources.
T-Rex is set to launch its platform in Summer 2025, heralding a new phase in the use of blockchain technologies for user rewards and building active networks online.
