TLDR:
- Web3 company Redacted raises $10 million in funding round co-led by The Spartan Group.
- Redacted aims to create an “entertainment datasphere” for Web3 users using blockchain and AI technology.
Web3 company Redacted has secured $10 million in a funding round led by The Spartan Group, with contributions from Saison Capital, Animoca Brands, and Polygon Ventures. Redacted is focusing on building an ecosystem of products that will form an “entertainment datasphere” for Web3 users, where they can engage in activities like playing games, trading, watching content, and receiving rewards. The core technology behind Redacted’s products is blockchain and artificial intelligence (AI), with the goal of enhancing user experiences and creating commercial opportunities for Web3 companies and decentralized apps.
The investment round for Redacted saw participation from prominent Web3 founders, venture capitalists, angel investors, and significant individuals like Dingaling and Grail. These investors are supportive of Redacted’s vision to create a comprehensive ecosystem of entertainment and gamification products that offer a seamless and rewarding user experience. The Spartan Group co-founder Kelvin Koh expressed excitement about Redacted’s development, emphasizing how they are pushing the boundaries of technology and creating an ecosystem that maximizes value creation, community, and fun.
Redacted’s leadership team comprises individuals with backgrounds from renowned companies like Tesla, Bank of America, Kraken, and LEGO, alongside influential Web3 thought leaders in crypto, gaming, and NFTs. They have launched successful NFT collections, secured funding for various projects, and invested in venture capital. Redacted has allocated over half of its tokens to the community and ecosystem, demonstrating its commitment to a community-focused approach.
As Redacted continues to build its ecosystem, it has enlisted advisors and consultants from industry giants like Saison Capital, Confiction Labs, King/Candy Crush, Amazon, and Microsoft. The company’s innovative marketing strategies have garnered attention from Web3 investors and enthusiasts, with many top industry figures showing support for the project. Redacted’s tagline, “Don’t get rekt, get redacted,” plays on crypto culture and emphasizes the importance of investing in reputable teams with strong backing.
