Redacted Raises $10M for Web3 Entertainment Ecosystem
Redacted, a company developing an innovative web3 entertainment ecosystem, has raised $10 million in its latest funding round. The investment was co-led by Spartan Group, with contributions from Saison Capital, Animoca Brands, and Polygon Ventures. Other participants included notable web3 founders, venture capitalists, angel investors, and prominent figures like Dingaling and Grail.
What is Redacted?
Redacted is pioneering an "entertainment datasphere" that integrates blockchain and AI, offering a comprehensive platform where users engage in activities such as playing, trading, and viewing content while earning rewards. Powered by the RDAC Token, Redacted aims to enhance user experiences through targeted data protocols and provide commercial opportunities for web3 companies and decentralized applications (Dapps).
Over 150 Key Influencers
Redacted has gained substantial attention within the web3 community, with over 150 key influencers showing support by adopting Redacted profile pictures. This endorsement underscores the project's appeal and its resonance with crypto culture, encapsulated by the slogan "Don’t get rekt, get redacted."
Support from Industry Leaders
Kelvin Koh, partner at Spartan Group, expressed optimism for Redacted’s future, stating, “As another cycle begins, we are bullish on the Redacted team and their next phase of development. They are creating an ecosystem that maximizes value creation, community, and enjoyment. We are excited to be part of their journey.”
Raised $10 Million for Various Projects
Redacted’s leadership team brings expertise from Tesla, Bank of America, Kraken, Lego, and influential figures in crypto, gaming, and NFTs. They have launched NFTs worth $1.8 million across Ethereum and Bitcoin Ordinals, generating $40 million in trading volume. Additionally, Redacted has raised $10 million for various projects through consultancy and launchpad initiatives and invested over $6 million in venture capital.
Qin En Looi, Principal at Saison Capital, added, “We invested in Redacted due to its energy and potential appeal to a growing audience. The team understands web3 user needs and is building a compelling ecosystem that will attract a large community. We eagerly anticipate Redacted’s evolution.”
Final Thoughts
Established in 2021, Redacted is positioning itself as a major player in web3 entertainment and gamification. With robust funding and strong support from industry leaders, the company is poised to advance its mission in the digital entertainment landscape. For more information, visit the official social media account on X.
