STIX, a Web3 platform that specializes in promoting and organizing meme tournaments, has successfully received $1.8 million in a private fundraising round. The financing is a result of the increasing fascination with the convergence of Web3 technology and digital culture.
STIX is a modified version of Stickerly, a well-liked Web2 platform for publishing user-generated content (UGC) stickers. Stickerly has a monthly active user base of 30 million and a total user count of over 400 million.
The application incorporates a gamification layer to convert meme culture into an interactive and gratifying encounter. Users have the opportunity to engage in popularity contests where very popular memes can earn token awards and gain significant exposure on both the STIX and Stickerly platforms.
This integration improves user involvement and promotes the acceptance of cryptocurrency culture among individuals who are not familiar with cryptocurrencies, facilitating a smooth shift from traditional internet usage to decentralized internet usage.
STIX’s vision is founded on the inherent worth of user-generated content (UGC) culture. It provides a distinctive value proposition by integrating popular exploration, financial gain, and the use of memes in games, while also serving a practical purpose as stickers in messaging applications.
The financing round involved the participation of investors such as Presto Labs, Selini Capital, and Mythos Group, as well as influential figures in the cryptocurrency industry like Altcoin Sherpa.
STIX intends to conduct an airdrop in August, allowing individuals to participate by completing missions on CREATOR, a site that caters to creators and has recently formed a partnership with STIX. As the network gets ready for its formal and token launches, additional information will be sent via the STIX account on X.
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