Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Solana Creator Platform DRiP Raises $8 Million in Seed Round
ADOPTION NEWS

Solana Creator Platform DRiP Raises $8 Million in Seed Round

By Crypto FlexsSeptember 9, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana Creator Platform DRiP Raises  Million in Seed Round
Share
Facebook Twitter LinkedIn Pinterest Email

Solana-based creator engagement platform DRiP has raised $8 million in a seed funding round led by NFX, Coinbase Ventures, and Progression, a fund started by former TikTok executives.

According to a statement shared with The Block, DRiP’s pre-seed lead placeholder, 6th Man Ventures, and more than 30 angel investors also participated in the round. The valuation and round structure were not disclosed.

The project said it would use the new capital to accelerate creator onboarding, launch a consumer-facing mobile app, expand creator tools and platform features, and strengthen marketing efforts to attract new users.

DRiP was originally targeting July to launch its mobile app on Android and iOS, which would include a built-in wallet, DRiP co-founder Vibhu Norby previously told The Block. But the actual timing will depend on the respective app stores, he said at the time.

How DRiP Works

The DRiP platform allows creators to distribute their work directly to fans as digital collectibles, including exclusive images, videos, audio, and other multimedia content on the Solana blockchain. Leveraging Solana’s low cost per transaction, it facilitates tipping of all amounts from subscribers, not purchases.

The project claims that these microtransactions can add “meaningful revenue” directly to creators, rather than being siphoned off the platform. However, the auction feature allows premium content to be sold to the DRiP community.

“We’re building a better content experience that gives creators a fair way to earn money, while giving fans access to premium content that can’t be censored or taken away,” Norby said. “Micropayments allow subscribers to tip their favorite creators any amount they want with a single click. This opens up a new reality for creators: They can keep the majority of the money they earn, while also truly rewarding their best supporters with collectibles that they can keep, sell or trade.”

DRiP aims to address the dominance of web2 aggregators like YouTube and Instagram, which the team describes as “enriching gatekeepers at the expense of creators.” The company claims that 550 DRiP creators have sent 170 million collectibles to over 2 million unique wallets over the past two years.

“Just as YouTube stars have influenced mainstream culture, DRiP creators will shape the future of digital art, music, games, and storytelling,” said Mark Linao, Progression co-founder and general partner. “By leveraging the power of microtransactions and a creative community built on shared passion, Drip is dismantling gatekeeping platforms, amplifying marginalized voices, and connecting creators directly with their fans.”

The platform uses Solana for payments and is one of the most active platforms on blockchain outside of DeFi, but its data is hosted on Arweave, a decentralized storage protocol.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

Crypto Analyst says: His view is as follows:

February 21, 2025

iExec Launches Enhanced DataProtector: Transforming Web3 Monetization and Ownership

June 10, 2024

The Cardano Foundation

December 8, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.