Wilmington, Delaware, November seventh, 2024, Chainwire
Rekt Brands Inc. (Rekt), the mother or father firm behind the Rektguy NFT undertaking, Rekt Drinks, and the Rekt model mental property, is worked up to announce the completion of a $1.5 million seed funding spherical.
Funded solely by angel traders and the group—with out institutional enterprise capital—this achievement highlights the help Rekt acquired from its loyal and rising community.
This funding announcement follows the debut of Rekt Drinks, Rekt’s first client product: a lime-flavored glowing water with zero caffeine and 0 alcohol, that includes the Rekt branding. Rekt Drinks made its debut final week with 222,456 items obtainable throughout 32 nations. Your entire inventory offered out in below 48 hours, with demand within the U.S. alone leading to an entire sell-out inside simply 4 hours and 20 minutes. This launch represents one of many largest real-world product gross sales by a Web3 model, reinforcing Rekt’s potential as a cultural pressure in each digital and conventional markets.
Rekt was based from the success of the Rektguy NFT assortment, created by artist Ovie Faruq (OSF) in Might 2022. Since then, the Rektguy undertaking has expanded into Rekt Manufacturers, which oversees the Rekt IP and pioneered a novel trade mannequin by providing fairness within the mother or father firm on to its NFT holders, using a Reg CF exemption below SEC pointers within the U.S.
“Rekt has had a die-hard, cult-like group for the previous 2 years, and our ambition is to satisfy its potential as one of many largest Web3 manufacturers,” stated OSF. “With the sell-out of our drinks final week, that’s 222,456 instances somebody goes to choose up a can with the Rekt brand and a Rektguy on it. It’s a magnitude increased for us when it comes to model consciousness.”
With this new funding, Rekt is poised to broaden its product lineup, strengthen its model consciousness in and outdoors of Web3, whereas additional bridging digital tradition with bodily client merchandise. The Rekt group stays on the coronary heart of the model’s mission, with upcoming initiatives that can proceed to empower, have interaction, and reward its devoted supporters.
About Rekt
Rekt Brands Inc. is the mother or father firm that owns the Rektguy NFT undertaking, Rekt Drinks, and the Rekt model mental property. Established from the success of the Rektguy NFT assortment by artist Ovie Faruq (OSF), the model has expanded into client items and groundbreaking group fairness fashions. Rekt goals to redefine model possession and engagement by way of its Web3 basis, modern merchandise, and viral international group.
Contact
CEO
Ovie Faruq
Rekt Manufacturers Inc.
[email protected]
