STIX Raises $1.8M in Private Fundraising Round
July 24 2024 - 12:00PM
STIX
, the Web3 platform for
meme promotions and competitions, disclosed that it had closed its
private fundraising round as it gears up for its beta launch and
token launch.
STIX raises seed round funding ahead of its official launch
The round has seen $1.8M of investment flow into the STIX
project, with Presto Labs, Selini Capital, Mythos Group, and dozens
of crypto KOLs such as Altcoin Sherpa making up the round.
STIX is a derivative project of Stickerly, one of the world’s
largest Web2 User-generated content sticker publishing platforms
with 30 million monthly active users and over 400 million lifetime
users. The Stickerly app provides an easy-to-use interface for
creating and publishing memes that are then immediately usable as
stickers in messenger apps like Telegram and Whatsapp.
Leveraging the distribution platform of Stickerly, Web3 STIX
adds a gamification element by powering regular popularity
competitions for memes. Such competitions result in token rewards
and heavy promotion on STIX and Stickerly, spearheading crypto
culture adoption in non-crypto native audiences.
Alexx, Strategic Advisor at STIX commented:
“STIX presents a one-of-a-kind value proposition as it provides
functions like mainstream discovery, monetization and gamification
of memes, and real world utility for memes (as stickers in
messenger apps). The core of STIX ethos is based on the value of
UGC culture, and STIX will strive to become the dominant UGC
aggregation layer for crypto culture. Everyone that saw this
aggregation layer potential, along with the entertainment layer of
voting competitions, was instantly supportive and the fundraising
round ended up becoming oversubscribed. Kudos to the STIX team, and
we can’t wait for the project to become available to the
public.”
Currently the only way to get exposure to the upcoming STIX
airdrop - slated for sometime around the end of August - is by
participating in missions on CREATOR, a creator-focused platform
that recently partnered with STIX.
More updates on the official launch and token launch of STIX
will be announced through the STIX account on X.
Media contact:
Robert Penington
Robert@thronepr.com