The T-Rex project team has successfully raised $17 million to launch its innovative platform aimed at rewarding users for viewing content from partners. The foundation of the new platform is a second-layer blockchain based on Arbitrum Orbit, which incorporates a Proof-of-Engagement (PoE) consensus mechanism.
This is reported by Бізнес • Медіа
The $17 million in funding was secured from leading venture investors. The official launch of the main product is scheduled for late summer 2025, as stated in a press release published by The Block.
Rewards for Content Viewing
T-Rex aims to reward users for their online activity. The project is built on a second-layer blockchain based on Arbitrum Orbit, which utilizes data distribution and encryption technologies, including zero-knowledge transport layer security (zkTLS).
Users can install the T-Rex extension for their browser, after which they will start receiving rewards for content viewed on partner sites. The plugin tracks user engagement levels and generates proof for awarding points, which can be converted into crypto assets for further withdrawal.
The public launch of the plugin is scheduled for late summer 2025, according to the press release. Investors in the funding round include Portal Ventures, North Island Ventures, Framework Ventures, Arbitrum Gaming Ventures, ArkStream Capital, Mindful Venture Capital, Hypersphere, SNZ, and Arche Fund. The composition of the T-Rex board of directors has not changed.
Comments from Project Leadership
According to UToday, the platform’s development is backed by Everest Venture Group (EVG). T-Rex and EVG co-founder Allen Ng noted:
“Most rollups focus on scalability and modularity, but only a few address the main issue — fragmented UX, which forces users and developers to navigate through disparate, non-intuitive systems.”
Allen Ng also emphasized that blockchain interactions occur seamlessly for users, who receive tangible rewards for viewing content that interests them. By the end of 2025, the project team plans to onboard up to 100 creators and content providers. This is happening against a backdrop of declining investment rounds in the crypto sphere, according to a report by journalist Colin Wu.