Social network Taki raises $3.45 million through seed fundraiser

economictimes.indiatimes.com:

Taki has raised $3.45 million through 11 marquee global investors. The token-powered platform is slated to launch in India next month.Crypto exchanges including CoinDCX, Coinbase Ventures, FTX, OKX Blockdream, Solana Ventures, Formless Capital, Gemini Frontier Fund, Luno Expeditions, Huobi Ventures, Kraken Ventures and Roka Works participated in the round. With the investment raised via seed funding, Taki plans to accelerate its product and technological development in the crucial operations such as proactive team building, hiring talent across functions and marketing activities.

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Taki is built on the Solana Blockchain — with support from the Solana Foundation — which allows Taki to provide fast and inexpensive transactions with low environmental impact, and making it accessible to communities at a global scale. Some of the funds will be extended towards product designing, engineering, Go-To-Market activities, General and Administrative (legal, finance), partnerships, community building. The company also aims to expand its presence in other key markets post India launch and invest in strengthening its creators’ network. Taki is a work of passion and an amalgamation of vision to bring a new dimension and meaning for social content consumption, said Sakina Arsiwala, Co-Founder, Taki. «Taki is designed to be a secure, safe and tech superior product that enables social enthusiasts to consume, invest, share, transact and build a token-based content portfolio,» she added. Taki is a 'EngageToEarn' product and integrates user coins with social media features to incentivize and