Web3 technology continues to gain traction within the technological space with the surge in adoptions and the emergence of many startups building on its architecture.
Like the British business mogul, Richard Branson would say “Doing good is good for business” ValuesCo a Los Angeles web3 startup is doing just the same.
Formerly known as Socialstack, ValuesCo is a web3 startup experience company led by Co-founder and CEO Andrew Berkowitzthat. Valuesco powers reward ecosystems for good.
The platform transmutes marketing and community engagement into participatory experiences driving quantifiable impact. ValuesCo is used by brands, nonprofits and creators to inspire action that aligns values with values for the next-gen. The app empowers the brand to design & launch a social token for communities.
Community members can create digital wallets straightaway with their phone/email login and earn tokens by completing actions and submitting proof via photos, social media, scanning QR codes, and more. Tokens can hence be redeemed for rewards like products, digital collectibles and experiences.
The company is focusing on bridging several gaps in Web3 such as in education, consumer adoption of Web3 wallets, hands-on support required to launch a social token, and the real-world environmental impact of the industrial revolution.
For instance, ValuesCo has been used by watersports brand Starboard to incentivize the cleanup of 770,000 pounds of ocean plastic, AfrofutureDAO on the other hand achieved a stunning $1.1 Million drive to preserve African history.
ValuesCo Fund Raise
The company recently made public a raise of $2.7M in Seed funding in a seed round led by Flori Ventures, Metaweb Ventures, OWN Fund, and angel investors such as Celo President Rene Reinsberg and entrepreneur Richard Spanton Jr.
The company said the fund raised will be used to accelerate growth, and expand business operations and presence.