TechFlow news — Web3 social networking platform Sleek has announced the completion of a $5 million seed funding round, with participation from Binance Labs, Shima Capital, Spartan Group, Symbolic Capital, Market Across, and Big Brain Holdings.
Sleek originally began as ChapterX, a no-code metaverse platform, but shifted focus to Web3 social networking due to "the metaverse still being in the early stages of mass adoption," said Sleek co-founder Tania Tse. ChapterX was part of Binance Labs' Incubation Program Season 4.
Chase Guo, another founder of Sleek, previously served as Investment Director at Binance Labs before founding ChapterX (now Sleek).
Launched in April this year, Sleek is a blockchain-based social media platform that helps people connect through digital business cards and Telegram bots. Sleek offers two types of business cards—prism and premium—priced at approximately $30 and $35 respectively.
Sleek also plans to launch a knowledge marketplace that enables experts in specific fields or topics to tokenize their knowledge and generate income. The marketplace is expected to launch in the first half of next year.
Sleek is a multi-chain platform supporting Ethereum, Polygon, Solana, and BNB Chain, according to Tse. However, due to low transaction fees, each user's default wallet on Sleek is built on Solana. This design allows users "to easily access and receive airdrops/NFTs without having to create and manage seed phrases through our platform," she added.
