The T-Rex project team has successfully raised $17 million to launch its latest platform aimed at rewarding users for viewing content from partners. The project is based on a second-layer blockchain built on Arbitrum Orbit, which includes an integrated Proof-of-Engagement (PoE) consensus mechanism.
This is reported by Finway
Funding and Future Plans
T-Rex secured funding from significant venture investors. The developers’ main product is scheduled for release by the end of summer 2025. This was reported by The Block in its press release.
The unique T-Rex platform allows users to earn rewards for viewing content online. The second-layer blockchain based on Arbitrum Orbit provides a distribution mechanism and utilizes zero-knowledge transport layer security (zkTLS) technology to protect data between Web2 and Web3.
How the Platform Works
Users can install the T-Rex extension in their browser, enabling them to earn rewards for the content they view on partner websites. The plugin tracks user engagement levels, generating proof for point accrual that can be converted into crypto assets and withdrawn.
The public launch of the plugin is scheduled for the end of summer 2025. Investors in the funding round included Portal Ventures, North Island Ventures, Framework Ventures, Arbitrum Gaming Ventures, ArkStream Capital, Mindful Venture Capital, Hypersphere, SNZ, and Arche Fund. It is known that the composition of the T-Rex board of directors remains unchanged.
According to UToday, the platform is being developed by Everest Venture Group (EVG).
“Most rollups focus on scalability and modularity, but only a few address the main issue — fragmented UX, which forces users and developers to navigate through disparate, non-intuitive systems,” said T-Rex and EVG co-founder Allen Ng.
According to Ng, blockchain-level interactions in the company’s solution occur seamlessly for the user while providing tangible rewards for viewing their favorite content. By the end of 2025, the team plans to onboard up to 100 creators and content providers. It was previously reported that the number of investment rounds in the crypto sphere has fallen to a minimum not seen since February 2021.