Web3 short video platform Cheelee completes $10 million financing, with VC SILA participating

2023-06-15 09:17:33

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ChainCatcher news, Web3 short video platform Cheelee has completed a $10 million financing round, with VC SILA participating (in the form of a future token agreement SAFT). The new funds will be used to accelerate the development and marketing of its vertical video social network application. Cheelee aims to drive Web3 and cryptocurrency adoption through the gaming community, allowing users to earn token rewards by watching and generating game video content with its "NFT glasses."

According to the crypto data platform RootData, Cheelee is a short video platform with a Watch to Earn mechanism, meaning it pays all users who watch content. Its mission is to enable all users to earn money on social networks.

ChainCatcher previously reported that the Web3 video social platform Cheelee completed an $8 million equity financing round, with participation from American investment fund Veligera Capital, UAE's Infinity Technology Fund, and VC SILA. The company also received $1.3 million in VC fund grants support. (Source link)

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