HTX Ventures announced an investment in social platform REPUBLIK, which has completed a $6 million seed funding round.
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HTX Ventures announced an investment in social platform REPUBLIK, which has completed a $6 million seed funding round.
The social space is being reshaped by Web3 technology, and REPUBLIK's consistent approach to rewarding its community sets it apart among SocialFi projects.
Navigating Web3 tides with focused insightsAccording to official news, on October 11, HTX Ventures announced an investment into the social platform REPUBLIK, supporting its exploration of innovative Web3 creator tools and platforms built on blockchain to enable novel forms of human interaction. This investment reflects HTX Ventures’ commitment to long-term industry development and aims to drive innovation and growth within the blockchain ecosystem and creator economy.
Currently, REPUBLIK has completed a $6 million seed round at a $75 million valuation. The round attracted participation from 14 leading investment firms, including HTX Ventures. Launched in November 2022 and headquartered in Singapore, REPUBLIK enables content creators to connect with their audiences on the platform and receive rewards based on user engagement—allowing creators to create, connect, and earn. With rapid community growth, REPUBLIK is redefining the landscape of online interaction.
The raised funds will be used to further develop the REPUBLIK platform and build cutting-edge Web3 creation tools on blockchain. Currently in beta across web, iOS, and Android platforms, REPUBLIK has already gained significant traction by offering creators new ways to interact and rewarding users for their contributions to the platform.
A representative from HTX Ventures stated: "The social sector is being reshaped by Web3 technologies, and REPUBLIK’s unique approach to continuously rewarding its community sets it apart among SocialFi projects. With its creator-first strategy, REPUBLIK offers a compelling value proposition for current Web2 users."
"For too long, people have invested their time, attention, and creativity into existing platforms with little or no return. REPUBLIK will change this by ensuring that the value created by the community is fairly distributed. We are thrilled to have investors and partners who share our vision and are helping us build a truly community-owned platform," said Daniel He, CEO of REPUBLIK.
HTX Ventures is the global investment arm of Huobi HTX, integrating investment, incubation, and research to identify the world’s most outstanding and promising teams. As a pioneer in the blockchain industry for over a decade, HTX Ventures drives advancements in cutting-edge technologies and emerging business models, providing comprehensive support—including funding, resources, and strategic consulting—to its portfolio projects to help build a sustainable blockchain ecosystem. To date, HTX Ventures has backed more than 200 projects across multiple blockchain sectors, with some high-quality projects now listed on Huobi Exchange. Additionally, HTX Ventures is one of the most active fund-of-funds (FOF) investors, partnering with top-tier global blockchain funds such as IVC, Shima, and Animoca to co-develop the blockchain ecosystem.
Looking ahead, as the Web3 ecosystem continues to evolve, Web3 social platforms are poised to become the most active hubs for Web3 user engagement. The development of the REPUBLIK platform may emerge as a new paradigm in the fields of Web3 social interaction and the creator economy. HTX Ventures will continue to monitor its progress closely.
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