Sleek Secures $5M Seed Funding: Transforming Social Networking

Web3 social network platform Sleek has raised $5 million in a seed funding round, drawing support from investors like Binance Labs and Shima Capital. The funding, facilitated through a Simple Agreement for Future Tokens (SAFT), values Sleek at $50 million.

From ChapterX to Sleek: Evolution Unveiled

Originally ChapterX, a no-code metaverse platform, Sleek pivoted to a web3 social network, finding the metaverse too premature for mass adoption. Co-founded by Tania Tse and Chase Guo (former Binance Labs investment director), Sleek has emerged as a blockchain-based social media platform.

Distinctive Features of Sleek

Launched in April, Sleek introduces a novel approach to social interaction through its Sleek card and bot. These tools capture and recall essential information about individuals, with 20,000 verified users acquired organically through events and conferences.

Building a Genuine Community

Sleek stands out by prioritizing genuine use cases over token incentives, fostering a dedicated user base. The platform has sold 15,000 cards, enabling over 300,000 connections since its launch.

Future Initiatives: Knowledge Marketplace and Expansion

Sleek is working on a knowledge marketplace, empowering experts to tokenize their knowledge. Expected in H1 next year, this initiative aligns with proven monetization models from DeFi and NFTs. Operating across Ethereum, Polygon, Solana, and BNB Chain, Sleek plans team expansion in various roles with the seed funding.

Sleek in a Snapshot:

Launch Date: April 2023

Verified Users: 20,000

Cards Sold: 15,000

Connections Facilitated: 300,000

Multi-Chain Support: Ethereum, Polygon, Solana, BNB Chain

Sleek's success in seed funding, commitment to genuine user engagement, and upcoming initiatives position it as a promising player in the evolving web3 landscape. 🚀