Read2N Completes $2 Million Seed Round of Financing
On December 22nd, Read2N, a Web3 reading application and content copyright NFT trading platform, announced the completion of a $2 million seed round of financing, jointly invested by Chain Capital, LinkVC, Initiate Capital, and successful entrepreneurs in the digital Internet and technology industries.
At the same time, The founding team of Read2N announced that it will distribute project governance tokens to shareholders of their previous entrepreneurial projects, including institutions and individuals such as Sequoia China, Gaorong Captial, MFund, K2VC, KIP Capital, Aqua Venture Capital, ZhenFund, ColinHuang.
Read2N is a content copyright governance NFT platform with Gamefi elements. It uses the characteristics of blockchain decentralized communication/incentives, allowing readers to participate in the distribution process of works and get rewards.
Read2N was officially launched on December 15, 2022, with over 3,000 registered users on that day. Copyright governance NFT of works currently on the shelves include Chinese Writers Association member LingWei’s “Dream Practice Every Day”, Mo Zheng’s “Immortal Head”, well-known writer Wu Manlanjiang’s “The Family of Thieves”, Xia Yan’s “Tang Wan’s Mind”, and the great online writer LuoSen’s “The Six Dynasties Qing Yu Ji” and Bei Xiaochuang’s “Fights Break the Demon”.
Read2N will use this fund to accelerate the construction of content copyright ecology, strengthen the introduction of leading works in various languages and encourage creators, and build a content supply chain that is more competitive than Web2.
The founder, Chari, was a serial Web2 entrepreneur. The e-commerce platform he founded had an annual revenue of over 1 billion yuan and 4 million monthly active users. The co-founding team includes senior investors who have worked in top domestic private equity funds and invested in more than 20 Internet and entertainment startups, senior scientists of BNBChain, and vice president of products of a B-round biopharmaceutical company.
About Read2N
#Read2N is a decentralized copyright governance NFT platform, which aims to solve the triple dilemma of content censorship, platform monopoly and revenue black box faced by creators through #web3, and protect the interests of creators.
