T-Rex Blockchain Raises $17M for Web3 Entertainment Revolution

Coin WorldFriday, May 9, 2025 7:21 am ET
1min read

T-Rex, a new blockchain designed for entertainment, content, and cultural virality, has successfully raised $17 million in funding. This blockchain aims to revolutionize the way consumer-facing decentralized applications (dApps) are discovered, published, distributed, and scaled across Web3. The project is set to launch in Summer 2025 and is backed by a range of strategic investors, including Portal Ventures, North Island Ventures, Framework Ventures, Arbitrum Gaming Ventures, ArkStream Capital, Mindfulness Capital, Hypersphere, SNZ, and Arche Fund.

Developed by EVG, a prominent product builder and publisher in Asia known for driving mass adoption, T-Rex addresses critical challenges in the blockchain space, such as the "ghost town" and "mercenary users" issues. The blockchain leverages Arbitrum’s powerful Layer-2 scaling solution to deliver ultra-fast, secure, and low-cost transactions, which are essential for consumer-scale adoption.

One of the key features of T-Rex is its use of Proof-of-Engagement (PoE), a mechanism that rewards users for their daily online interactions through a privacy-preserving browser. This turns everyday actions like watching videos, liking posts, and sharing memes into tangible, valuable digital ownership and offline perks. The blockchain stays invisible to users, allowing them to effortlessly turn their online activities into meaningful rewards. Users can install T-Rex’s browser extension and continue browsing popular social media platforms, with their interactions securely recorded via advanced zero-knowledge tech (zkTLS) and seamlessly turned into rewards, without the need for a wallet or technical knowledge.

Creators and projects on the T-Rex blockchain will benefit from instant audience discovery and viral distribution. End users will effortlessly earn rewards that are redeemable both digitally and offline, such as cash back at favorite restaurants or exclusive local deals. The $8 million Incubation Fund, backed by EVG with support from Arbitrum Gaming Ventures, will be used to support ecosystem growth. This fund offers comprehensive developer support beyond capital, including engineering resources, media partnerships, community activations, premium events, Key Opinion Leader (KOL) networks, and strategic Intellectual Property (IP) applications.

As the blockchain launches in Summer 2025, it brings a new way for creators and users to earn from their development activities and social media use. The project aims to redefine the Web3 attention layer by making online interactions more rewarding and engaging for users, while also providing creators with the tools they need to reach a wider audience and monetize their content effectively.