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Crypto Social Network Yup Raises $3.5M From Distributed Global And Dapper Labs

Oct 12, 2021•almost 4 years ago

Amount Raised

$3.5 Million

Round Type

seed

Description

Yup, the web3 social platform that rewards curators, has announced a $3.5 million funding round led by Distributed Global, an early investor in crypto unicorns Dapper Labs, Audius and Solana. The funding will be used to further develop a new web3-native social media experience and empower curators across the web.

Company Information

Company

Yup

About

Yup is a social network for curators that rewards users for liking and sharing content across the web. Yup was originally conceived in 2019 when its co-founders Nir Kabessa and Vernon Johnson saw an opportunity to use blockchain to fix a long-standing issue in social media - consensus around social capital and value. The Yup Protocol provides new opportunities for curators to get paid for sourcing quality content, while rewarding creators for producing it.