According to TechFlow, on July 11, Alexablockchain reported that the SocialFi platform RECRD announced the completion of a $4 million financing, led by the Sui Foundation. RECRD attracted nearly 500,000 users during its one-year testing phase. The platform allows creators to convert content into NFTs and realize instant monetization through dynamic video interactions. The financing also received support from well-known investors such as Netflix co-founder Mitch Lowe and NBA star Mitch Richmond. Founder Anoir Houmou said that RECRD aims to create a transparent and mutually beneficial content ecosystem.