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Dubai-based Rewardable Secures Seed Funding from IBC Group

Rasmal Press RoombyRasmal Press Room
September 14, 2024
in Funding, News
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Rewardable
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  • Rewardable allows users to earn $REWARD tokens by completing tasks and micro-jobs within the Web3 ecosystem.
  • The platform combats fake users and low-quality engagement through a KYC-verified user base called “Task Ninjas.”
  • It offers integration across web, mobile, and browser channels for seamless user experiences.
  • The partnership with IBC Group helps expand Rewardable’s global reach and leverage strategic guidance for growth.

Dubai-based Web3 platform, Rewardable, has successfully raised its first funding round. It secured an undisclosed amount in Seed funding from IBC Group. This milestone was achieved on September 12, 2024, and it will propel Rewardable’s vision of revolutionizing Web3 marketing through its innovative task-to-earn platform.

Founded in October 2023 by Alex Garcia and Josef Holm, Rewardable addresses critical challenges within the Web3 ecosystem, such as fake users and low-quality engagement, by creating a global community of KYC-verified participants known as “Task Ninjas.” These users earn $REWARD tokens in exchange for completing tasks and micro-jobs, which helps to foster genuine user interactions and deliver real value to Web3 projects.

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The platform’s integration across web, mobile, and browser channels ensures a seamless experience for both users and projects. Rewardable offers significant value by driving authentic insights for Web3 projects while maintaining a deflationary token model, increasing the sustainability of its reward ecosystem.

IBC Group, a Dubai-based investment firm with a focus on amplifying Web3 initiatives, strategically backs Rewardable. Through this partnership, Rewardable plans to leverage IBC Group’s extensive media assets and strategic guidance to expand its reach within the global Web3 landscape.

Operating under the legal name E-MAGINE Worldwide, Inc, Rewardable serves as a powerful tool for Web3 projects looking to engage real users and foster meaningful growth. The platform has already gained traction, allowing users to take on various micro-jobs while earning tokens that drive the success of Web3 companies.

The recent Seed funding marks a significant step in Rewardable’s journey to empower visionary founders and offer real-world value to Web3 projects. As the platform grows, Rewardable is set to become a critical player in the evolution of Web3 marketing and user engagement.


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To report any issue or error in the story, please email us editor [at] rasmal [dot] com.

Last Updated on September 14, 2024 by Safiya K

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Rasmal Press Room brings you press releases and updates from a wide array of startups, businesses and tech industries in the MENA region. This section features content directly from industry leaders and organizations, providing our readers with up-to-date information on the latest news and trends. Please note that these articles are sourced externally and may not represent Rasmal's editorial perspective.

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