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)

ChainCatcher news, the Web3 video social platform Cheelee has completed an $8 million equity financing, with participation from American investment fund Veligera Capital, UAE's Infinity Technology Fund, and VC SILA. The company also received a $1.3 million grant from a VC fund.It is reported that Cheelee offers new users a free "NFT glasses," which can monitor video viewing time and convert it into corresponding points based on the duration, which can then be exchanged for token rewards. Additionally, users can use Cheelee's native tokens to upgrade the glasses' features, such as memory, frame, lenses, etc. Currently, its services are in the final testing phase and are expected to be launched in the fourth quarter of 2022. (Source link)