Web3 short video platform Cheelee closes $8 million in financing

2022/11/04 04:59

Web3 video social platform Cheelee has completed $8 million in equity financing, with participation from U.S. investment fund Veligera Capital, UAE Infinity Technology Fund, and VC SILA. The company also received $1.3 million in VC funding support. It is reported that Cheelee provides free "NFT glasses" for new users, which can monitor the viewing time of videos and convert them into corresponding points according to the length of time, and then exchange them for Token rewards. In addition, users can also use Cheelee's native Token to upgrade glasses functions, such as memory, frames, lenses, etc. Its service is currently in the final stage of testing and is expected to be released in the fourth quarter of 2022.

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