According to ChainCatcher, Alexablockchain reported that SocialFi platform RECRD announced the completion of $4 million in financing, led by Sui Foundation, DNA Fund, Alphabit Fund, and angel investors such as former Netflix co-founder Mitch Lowe and former NBA player Mitch Richmon.

ECRD allows creators and users to convert their content into NFTs and obtain instant monetization through dynamic video interactions.