Blockchain-Based Social Media Platform TOKHIT Secures $100 Million Financing

02/13/2023 10:38 • AI & Tech Insights • 159 views

On February 13, TOKHIT, a blockchain-driven game-based social media application, announced the completion of a financing of US $100 million, but the company did not disclose the investor’s information or the valuation amount after the financing (TOKHIT disclosed the company’s valuation of about US $155 million at the beginning of 2022). The TOKHIT platform can help content creators and NFT/cryptocurrency lovers make profits through social activities. Andrei Ureche, its co-founder, said that the platform will also provide NFT and digital asset trading, NFT pledge and other services in the future, so that users can find more opportunities to cooperate with brands to gain incentives. （romania-insider）

TOKHIT, a blockchain game-based social media application, completed a $100 million financing

Interpretation of the news:

TOKHIT, a blockchain-based social media platform, has recently disclosed the completion of its financing, amounting to $100 million. However, the company did not divulge the identity of the investor or the valuation amount after the financing round. This announcement comes after the company had disclosed its valuation of about $155 million at the start of 2022. The platform allows content creators and NFT and cryptocurrency enthusiasts to earn profits through social activities. Co-founder Andrei Ureche has revealed that the platform will also provide NFT and digital asset trading, NFT pledge, and other services in the future. This move aims to enable users to cooperate with brands and gain incentives.

The financing round has injected a significant amount of capital into TOKHIT, which it can use to enhance its existing services and introduce new ones. The company’s decision to raise funds reflects its confidence in its business strategy and its ability to grow in the competitive social media and blockchain industries. By securing a substantial amount of financing, TOKHIT has positioned itself to better compete with established players in the market.

One unique aspect of TOKHIT is its focus on blending blockchain technology with social media. This combination enables users to generate profits by participating in the platform’s social activities, creating and trading NFTs, and investing in cryptocurrencies. Such an approach is innovative and has the potential to disrupt the traditional way of conducting social media activities. With its future plans to introduce NFT and digital asset trading, TOKHIT can provide its users with more revenue-generating opportunities while creating a brand-new ecosystem of social media-based financial activities.

In conclusion, the total financing of $100 million that TOKHIT secured will undoubtedly help the company establish itself as a major player in the blockchain-based social media industry. Its decision to integrate NFT and digital asset trading, NFT pledge, and other services will likely make it a more alluring platform for content creators and crypto enthusiasts. With more funds at its disposal, TOKHIT has the potential to innovate, expand, and disrupt the social media landscape further.

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Blockchain-Based Social Media Platform TOKHIT Secures $100 Million Financing

TOKHIT, a blockchain game-based social media application, completed a $100 million financing

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