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rep3 Secures Pre-Seed Funding on July 27, 2023

MATIC
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According to industry sources, rep3 completed its Pre-Seed funding round on July 27, 2023. The round was led by Lightspeed India and Better Capital, with participation from prominent investors including Balaji Srinivasan, Ryan Sean Adams, and Polygon co-founders Sandeep Nailwal, Jaynti Kanani, and Aniket Jindal.rep3 is a blockchain-based community management platform that leverages on-chain credentials to facilitate member oversight and recognize contributions. The platform enables community members to earn badges, thereby building their on-chain reputations. This innovative reputation system delivers significant value: users can stake their reputations for improved loan terms, utilize relevance scoring for more equitable voting mechanisms, and establish deeper connections across different communities.As Web3 communities rapidly expand, demand for decentralized identity and reputation systems continues to rise. rep3’s solution enhances community management and incentivizes member participation, while serving as critical infrastructure for a more transparent and equitable Web3 ecosystem. The funding will enable rep3 to further refine its product offerings, broaden market reach, and advance innovation in blockchain-based community governance.

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MATIC Fundraising History
RoundAmountValuationTimeInvestor(s)
Pre-Seed----2023-07-26Lightspeed India,Better Capital,Lightspeed India,Balaji Srinivasan,Ryan Sean Adams,Sandeep Nailwal,Jaynti Kanani,Aniket Jindal,Rohit Goyal,Akshay BD
Key Milestones
  • 2023-07-27
    rep3 completed a Pre-Seed round

MATIC Price Trend

24-Hour High
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24-Hour Volume
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All-Time High
$2.92
All-Time Low
$0.003143
Market Cap / FDV
19%
FDV
$1.77B
24-Hour Low
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Market Cap
$1.77B
Circulating Supply
1.89B MATIC
Total Supply
10.00B MATIC
Max Supply
10.00B MATIC
Market Sentiment
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1H24H7D30D1Y
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