SocialFi platform RECRD completes $4 million in financing

SocialFi platform RECRD has announced the completion of a $4 million financing round, with Sui Foundation leading the investment and angel investors including DNA Fund, Alphabit Fund, former co-founder of Netflix Mitch Lowe, and former NBA player Mitch Richmond also participating. ECRD allows creators and users to convert their content into NFTs and gain instant monetization through dynamic video interaction. It is reported that the project has completed the testing phase, and creators can make their videos into NFTs and sell them directly on the platform, with buyers gaining ownership and a portion of the advertising revenue.