Modular AI network REVOX has raised US$6 million in a round of strategic financing and issued 100,000,000 airdrop points on Binance for a limited time

According to reports, the modular AI network REVOX (formerly known as ReadOn) posted on X on June 13 that REVOX has received a round of strategic financing, which has now accumulated to US$6 million.
This round of financing was participated by multiple angel investors in the fields of AI and Web3.

What is REVOX

REVOX aims to build modular AI Agent networks and decentralized applications to provide fair and efficient information to users in Web3 and a wide range of other fields. Through decentralized AI infrastructure, REVOX will revolutionize the creation of decentralized AI applications and become the platform of choice for Web3 AI developers and users.

REVOX team introduction

Neo Y.: Co-founder of REVOX. He is a serial entrepreneur who founded a games and app company that generated over 500,000 DAU and $10 million in revenue in 2020. Neo served as the product director of Qutoutiao.
Zhenhao Hua: Co-founder of REVOX. He has worked in Bytedance, Qutoutiao, LinkedIn and other companies. He holds a master's degree in computer science from Carnegie Mellon University and a bachelor's degree in computer science from Tsinghua University.
Jing Xin: Partner of REVOX, graduated from University of California, Berkeley.

REVOX financing status

• REVOX raised US$6 million in the latest strategic financing. This round of financing was led by SevenX Ventures, with participation from Arweave SCP Ventures, Cointelegraph Acceleration, Skyland Ventures, Taisu Ventures, 0x Consulting and 7upDAO, as well as multiple angel investors.

• REVOX received US$2 million in seed round financing on August 11, 2022, led by SevenX Ventures. Other investors include HashKey Capital, Foresight Ventures, Sky9 Capital, ArkStream Capital, Puzzle Ventures, CyberConnect, M23 Fund, Smrti Lab and individual investors.

REVOX Advantages

REVOX’s flagship application ReadON DAO and TON application ShareON have more than 4 million users and more than 400,000 daily active users on the chain.
Impressively, more than 1.25 million users have completed KYC verification through payment platforms such as Binance Pay, Lazada Pay, and Dana.
In emerging markets such as Nigeria and Indonesia, ReadON DAO outperformed traditional internet applications, topping Google Market's free news and magazine apps category, even surpassing Google News.

REVOX partnership

REVOX has established commercial partnerships with numerous enterprises and projects

REVOX provides digital technology services to LINE’s Web3 subsidiary Japan Airlines (JAL), German digital marketing company adjoe, and Web3 game project Mobox.

REVOX and LINE NEXT establish strategic partnership

This cooperation was officially launched on February 19. This cooperation covers many aspects such as digital collections, digital e-commerce and co-creation of Web3 business models. The two parties will work together to develop Asian markets including Japan and South Korea.
Following the establishment of their strategic partnership, REVOX and LINE NEXT signed a memorandum of understanding outlining the next phase of their strategic partnership. Both parties are committed to co-creating innovative digital products and services, jointly enhancing brand awareness and exploring new business models.

REVOX distributes points airdrop on Binance

The exclusive event organized by REVOX and Binance started on June 20th and will last until July 4th.
This event will share a total of 100,000,000 REVOX airdrop points.