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t2.world raises $3.4M to empower readers and writers in the decentralized future

30/11/2022
05/12/2022
07/12/2022
08/12/2022

MetaVentures Bangkok 2022

Bangkok, Thailand
14/12/2022
27/02/2023

ICBM Expo

Dubai, UAE
03/03/2023
t2.world raises $3.4M to empower readers and writers in the decentralized future

Decentralized publishing platform t2.world (t2) has raised $3.4M in a Seed Funding Round led by Inflection and Archetype, with participation from Metaweb, SevenX Ventures, Seed Club Ventures, Block0, GCR, Generalist Capital, and Marc Weinstein. 

t2’s mission is to encourage deep studying, create a social expertise round studying, and carry a promising answer to the world decreased consideration span. This funding brings t2 nearer to its objective of empowering readers and writers to develop their communities in the Web3 house by using new financial and voting instruments leveraged by blockchain know-how. 

Believing that these instruments may be employed for selling human-centric ethics and group, the staff led by Mengyao Han, CEO & Founder of t2.world, is constructing a extra clear, decentralized, and collaborative narrative for the future and another for the extractive consideration financial system. 

Aligning incentives between readers, writers and curators 

t2 permits customers to monetize their time and consideration funding as they work together with content material by ushering in a brand new learn to contribute, learn and earn mannequin. By using this mannequin, the platform offers infrastructure for decentralized communities (DAOs) to develop and monetize their subcultures by curating high-quality content material.

t2 is designed as a decentralized on-line writer that promotes collaboration, with the incentives between completely different customers (writers, readers, and curators) thoughtfully aligned so that everybody collects truthful rewards for contributing. 

t2’s protocol makes use of time as a matrix of worth seize and distribution by passively minting and dispersing tokens with actual world worth to content material creators, readers, and communities for taking part in the ecosystem and taking part in an integral half in curating the content material.

This seemingly utopian world is about to turn into a actuality powered by Proof-of-Attention tokens, TXT (Time X Time), which embodies how customers contribute to the community from their interactions with content material and subsequently return them with tangible worth.

The protocol is designed to seize the curation worth generated from customers’ time spent deep studying and the platform’s native token represents the worth created from one hour of curated human consideration in consideration markets.

“We couldn’t be more excited about working with the phenomenal t2 team. t2 is a user-owned platform taking a leap to a new model of humane content curation through a read-and-earn incentive mechanism. At the core of this mechanism lies the human time spent on deep content interaction (Proof-of-Attention). We believe that t2’s approach holds the potential to turn the internet on its head by replacing clickbait with quality content for people to read and learn,” commented Alexander Lange, Founding Partner at Inflection VC.

The thrilling roadmap forward

t2, based mostly primarily in London, will probably be deploying the $3.4M funding towards creating the platform’s revolutionary Proof-of-Attention (PoA) mannequin to incentivize deep studying, growing a vibrant, sustainable reader and author group and hiring key skills.

t2 is in the midst of improvement, and plans for engaged on the Beta product and onboarding the first group of writers and high-quality content material are in movement. Aiming to launch the first model in late 2022, preparations for constructing the group and establishing the ambassador program as an prolonged staff are underway. 

Focused on serving to decentralized communities to type and develop their subculture, t2 can also be laying the groundwork for growing content material partnerships, connecting with writers, content material homes, and DAOs, and defining the future of t2 along with sturdy subculture allies. In the meantime, t2 is inviting new customers to check the product, report bugs, and recommend new options. Anyone in being an Alpha tester, is inspired to join through the allowlist software.

“We are ecstatic to support t2. Mengyao and the team bring a unique, experienced UX/UI lens to web3 content alongside a disruptive Read-and-Earn mechanism. We at Archetype believe t2 can unlock an untapped market by designing a new era in content consumption and curation whereby users become stakeholders rewarded for their contributions,” famous Ash Egan, Founder and General Partner at Archetype.

Compiled by Coinbold

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