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New Purpose-Built Blockchain T-Rex Raises $17 Million to Transform Attention Layer In Web3
- T-Rex, a purpose-built blockchain, plans to revolutionize online content publishing by rewarding consumers for interactions on social platforms like YouTube and TikTok.
- The project announced a $17 million fundraise and Incubation Fund supported by strategic investors and developed by EVG, Asia's product builder and publisher.
- T-Rex aims to address blockchain challenges like user retention and engagement, leveraging Arbitrum's Layer-2 scaling solution for faster and cheaper transactions.
- The platform introduces a Proof-of-Engagement mechanism to reward users for daily interactions on apps through a privacy-preserving browser extension.
- With a focus on simplicity, T-Rex allows users to earn rewards while browsing popular social media platforms without needing a wallet or technical knowledge.
- The Incubation Fund, backed by EVG and Arbitrum Gaming Ventures, will support ecosystem growth by providing developer resources and community activations.
- T-Rex's ecosystem is designed for intuitive use, cultural resonance, and economic empowerment, targeting the launch in Summer 2025.
- Developed by EVG, T-Rex aims to transform the Web3 attention layer with its innovative Proof of Engagement (PoE) mechanism.
- Backed by leading investors, T-Rex offers creators and developers a user-experience-first infrastructure with built-in rewards and distribution.
- EVG, T-Rex's developer, is a well-established Web3 product builder in the Asia-Pacific region with a track record of innovative projects and investments in the crypto space.
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