A new blockchain platform called T-Rex just secured $17 million in funding to shake up how we interact with online content. The platform aims to make Web3 more user-friendly and rewarding for everyone.
Rewarding Users for Everyday Online Activities
T-Rex is designed for entertainment, content, and viral trends. Its unique approach rewards users for their everyday online actions, like watching videos or sharing posts on platforms like YouTube, TikTok, and X. This is done through a browser extension that quietly tracks activity and awards users with digital rewards.
Solving Web3’s “Ghost Town” Problem
Many Web3 platforms struggle with user engagement. T-Rex tackles this by focusing on enhancing existing user habits instead of forcing new ones. The platform uses a “Proof-of-Engagement” (PoE) mechanism to reward users seamlessly, making the experience feel natural and intuitive.
Easy-to-Use Web3 Experience
T-Rex aims for radical simplicity. Users don’t need to understand crypto to participate. The browser extension handles everything behind the scenes, turning online activities into tangible rewards redeemable both online and offline (think cash back or local deals). Creators also benefit from increased visibility and audience engagement.
Fueling Growth with an Incubation Fund
Along with the funding, T-Rex launched an $8 million incubation fund to support developers. This fund provides more than just money; it offers engineering resources, marketing help, and access to key influencers to help projects thrive.
Who’s Involved?
The project is backed by several prominent investors, including Arbitrum Gaming Ventures, Framework Ventures, Portal Ventures, and North Island Ventures. It’s developed by EVG, a major player in the Asian Web3 scene. Arbitrum Gaming Ventures highlighted T-Rex’s potential to expand Web3 beyond just finance, particularly in the rapidly growing Southeast Asian market.
The Future of T-Rex
T-Rex is set to launch this summer. Its goal is to create a more engaging and rewarding online experience for users, creators, and developers alike, bridging the gap between Web2 and Web3.