PRESS RELEASE. ReadON (readon.me), a company that aims to provide users with a brand-new content consumption experience by utilizing blockchain, completed its seed investment round of $2M led by SevenX Ventures.
Other investors included HashKey Capital, Foresight Ventures, Sky9 Capital, ArkStream Capital, Puzzle Ventures, CyberConnect, M23 Fund, Smrti Lab and individual investors. The seed funding will be used to develop a ReadON mobile application and a decentralized recommendation system.
Neo Y., Cofounder and CEO of ReadON, is a serial entrepreneur who founded a games and applications company that made over 500K DAU, $10 million in revenue in 2020. Neo previously worked as the Director of Product at Qutoutiao (NASDAQ: QTT), responsible for designing the best Play2Earn product in China with 30M daily active users.
Troy H., Co-founder and CTO of ReadON, was formerly the senior technology manager at ByteDance. Prior to that, Troy was a senior tech lead at Pinterest (NYSE: PINS)....
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