So-Col Irene Zhao’s Startup Is Seeking Funding At A Valuation Of $100 Million

• SO-proposed COL’s investment round follows a $1.75 million seed round in February that included Animoca Brands and DeFiance Capital as co-leads, as well as Three Arrows Capital, Mechanism Capital, Global Organizers Capital, Double Peak Group, Antifund, Genblock Capital, and Kronos Research.

• Blockchain Capital will lead the next investment round, with the primary goal of using Non-Fungible Tokens to supercharge’ influencers’ output (NFTs). The company was founded on the assumption that Web2.0 influencers lack a way to engage with their fans, a problem that the crypto world solves.

• The IreneDAO NFT collection, which was released by the Instagram model and influencer, serves as a proof of concept. There are now 474 owners of the 1,100 objects in the NFT collection.

SO-COL, founded by Irene Zhao, makes it simple for anyone interested in participating in the platform to get started by accepting both cash and cryptocurrency payments. SO-COL, a firm founded by Irene Zhao to bridge the gap between Web2.0 and Web3.0 impacts, is raising money with a potential worth of $100 million. Following an exclusive interview with Irene, one of the greatest social media influencers in the cryptocurrency sector, The Block published the financing report.

A Potential Worth Of $100 Million

As previously stated, Blockchain Capital will lead the next investment round, with the primary goal of using Non-Fungible Tokens to supercharge’ influencers’ output (NFTs). The company was founded on the assumption that Web2.0 influencers lack a way to engage with their fans, a problem that the crypto world solves. Influencers with no prior experience with digital currencies will be able to purchase anything with SO-COL.

We’re assisting all of the web2 creators and influencers in transitioning to web3 by providing them with a really straightforward user experience, she explained. They can buy anything on our site using their Apple Wallet or any other wallet they have.

SO-COL, founded by Irene Zhao, makes it simple for anyone interested in participating in the platform to get started by accepting both cash and cryptocurrency payments. The company claimed it will work with Stripe for the fiat payment gateway and StarkEx, an Ethereum scaling solution, to assist cut the platform’s overall gas expenses.

The startup has a flawless proof-of-concept on which to base its claimed success narrative. The IreneDAO NFT collection, which was released by the Instagram model and influencer, serves as a proof of concept. There are now 474 owners of the 1,100 objects in the NFT collection.

The NFTs are picture-like stickers with crypto catchphrases that show Zhao in various stances. According to OpenSea data, over 2,600 Ethereum worth of NFTs have been traded since the model published them to prove that you can monetize your social media following.

SO-COL By Irene Zhao Has A Track Record Of Success

Based on the success of the IreneDAO collection, the funding round will allow SO-COL to engage a number of developers to continue developing the platform in preparation for a June launch. One of the main benefits of the money will be marketing, as the firm intends to reach more customers over time through focused awareness.

SO-proposed COL’s investment round follows a $1.75 million seed round in February that included Animoca Brands and DeFiance Capital as co-leads, as well as Three Arrows Capital, Mechanism Capital, Global Organizers Capital, Double Peak Group, Antifund, Genblock Capital, and Kronos Research. These investors appear to have a high level of confidence in Irene Zhao’s SO-COL business strategy, and many are positive about the project’s prospects.

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Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

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