STIX, a new Web3 platform focused on meme promotions and competitions, has announced a successful raise of $1.8M in a private fundraising round. As the platform gears up for its beta and token launches, this new funding milestone underscores the growing interest and investment in the innovative intersection of Web3 technology and digital culture. With backing from several prominent institutional funds and crypto influencers, STIX wants to redefine how memes are created, shared and monetized.

STIX is a derivative project of Stickerly, one of the world’s largest Web2 user-generated content (UGC) sticker publishing platforms. With 30 million monthly active users and over 400 million lifetime users, Stickerly has become a ubiquitous tool for creating and sharing stickers across popular messenger apps like Telegram and WhatsApp. This extensive user base and intuitive interface provide a robust foundation for STIX’s Web3 ambitions.

By leveraging Stickerly’s distribution platform, STIX introduces a gamification layer that will transform meme culture into an engaging and rewarding experience. Users can participate in regular popularity competitions where the most popular memes earn token rewards and receive heavy promotion on both STIX and Stickerly. This integration not only enhances user engagement, but also drives the adoption of crypto culture among non-crypto native audiences, fostering a seamless transition from Web2 to Web3.

At the core of STIX’s vision is the belief in the intrinsic value of UGC culture. The platform offers a unique value proposition by combining mainstream discovery, monetization, and gamification of memes with real-world utility as stickers in messenger apps. This multifaceted approach positions STIX as a potential dominant player in the UGC aggregation layer for crypto culture.

The recent fundraising round saw participation from notable investors such as Presto Labs, Selini Capital, and Mythos Group, alongside numerous crypto key opinion leaders (KOLs) like Altcoin Sherpa. Their support highlights the widespread recognition of STIX’s potential to revolutionize the meme economy. The oversubscription of the fundraising round is a testament to the enthusiasm and confidence in STIX’s innovative approach.

Looking ahead, STIX has planned an airdrop slated for the end of August, with participation opportunities available through missions on CREATOR, a creator-focused platform that recently partnered with STIX. As the platform prepares for its official and token launches, further updates will be shared through the STIX account on X, keeping the community informed and engaged.

STIX’s fundraising round is a milestone in the evolution of meme culture within the Web3 space.  By integrating the power of UGC with the latest blockchain technology, STIX can offer unprecedented opportunities for creators and users alike.