Redacted Web3: Revolutionizing the Blockchain Ecosystem

Redacted Web3, a trailblazing company in the blockchain industry, is pushing the boundaries of what’s possible with its innovative products and forward-thinking vision. Recently, the company raised US$10 million in a funding round co-led by Spartan Group, with participation from Saison Capital, Animoca Brands, and Polygon Ventures. This substantial investment highlights the confidence that top-tier investors have in Redacted’s potential to transform the Web3 landscape.

The Founders of Redacted

At the helm of Redacted are co-founders Kenneth Lim and Bryan Tam, whose extensive experience in finance, technology, and blockchain has been instrumental in the company's success. Lim and Tam have a deep understanding of the Web3 ecosystem and are dedicated to driving innovation and excellence in the field. Their leadership ensures that Redacted stays ahead of the curve in the rapidly evolving world of blockchain technology.

The Building Blocks of Redacted
Redacted is more than just a company; it’s a comprehensive ecosystem designed to enhance the Web3 experience. The core of this ecosystem is built around several key components that work together to provide a seamless and rewarding experience for users.

The Redacted Protocol: Empowering Users
The Redacted Protocol is the central hub for BTRFLY, Redacted’s native token. This protocol allows users to participate in governance and earn revenue from the Redacted treasury and its various products. By locking BTRFLY for rlBTRFLY, users can earn revenue distributed in ETH and gain a growing share of governance power. This decentralized approach empowers the community to shape the future of Redacted, ensuring that the platform evolves in line with user needs and preferences.

Pirex: Redefining Liquidity in Web3
Pirex is one of Redacted’s flagship products, designed to redefine the concept of liquidity in the Web3 space. Pirex creates liquid wrappers that enable auto-compounding and the tokenization of future yield and vote events. This flexible liquid wrapper can be applied to any yield-generating asset, ensuring deep liquidity, auto-compounding, and strong peg enforcement across all Pirex markets. Additionally, Pirex offers a native futures exchange, allowing users to long, short, and leverage future yield, thereby maximizing their returns.

Hidden Hand: Optimizing Governance
Hidden Hand is a unique marketplace for governance incentives, commonly known as "bribes." This platform allows protocols to streamline their governance processes and engage their voters more effectively. Users can receive bribes for their votes on snapshot votes, gauge weights, and more. Over 10 protocols have integrated with Hidden Hand to maximize their governance participation, attracting new users and DAOs to governance activities and enhancing overall engagement.

Dinero: Leveraging Ethereum Blockspace
Dinero is Redacted’s permissionless stablecoin, backed by user-owned Ethereum blockspace. This stablecoin can be used for gas on the Ethereum mainnet, routing transactions through a Redacted darkpool. Dinero provides a unique leverage opportunity for ETH 2.0 validating deposits with a permissionless credit facility. As the native stablecoin of the Redacted ecosystem, Dinero enhances transactional efficiency and provides a stable medium for digital transactions within the platform.

Why Redacted Stands Out
Redacted’s innovative approach and robust ecosystem position it as a leader in the Web3 industry. The company harnesses the power of blockchain and artificial intelligence to build an "entertainment datasphere," where users can play, trade, watch, and get rewarded. The Redacted ecosystem, powered by the RDAC Token, aims to provide better, more targeted experiences for users and greater commercial opportunities for Web3 companies and decentralized apps.
The recent $10 million investment round, co-led by Spartan Group, Saison Capital, Animoca Brands, and Polygon Ventures, underscores the significant potential of Redacted’s ecosystem. Leading Web3 founders, venture capitalists, angel investors, and notable whales like Dingaling and Grail also participated in this round, demonstrating their support for Redacted’s vision and potential.

A Bright Future Ahead
Redacted’s leadership team combines impressive backgrounds from global top-tier companies like Tesla, Bank of America, Kraken, and LEGO, along with influential Web3 thought leaders in crypto, gaming, and NFTs. The team has launched $1.8 million in NFTs across Ethereum and Bitcoin Ordinals, achieving $40 million in trading volume. They have also raised $10 million for projects through their consultancy and launchpad and invested over $6 million in venture capital.
With more than 50% of the tokens allocated to the community and ecosystem, Redacted is firmly positioned as a community-focused team. Supported by a panel of advisors and consultants from industry giants like Saison Capital, Confiction Labs, King/Candy Crush, Amazon, and Microsoft, Redacted is set to revolutionize the Web3 space.
Their innovative marketing, including the popular tagline "Don't get rekt, get redacted," has captivated the attention of Web3 investors and enthusiasts. Over 150 top sector personalities have demonstrated their investor involvement and support by posting their "Redacted" profile pictures.
Redacted is not just a company; it’s a visionary project that is reshaping the future of Web3 with its innovative products, robust ecosystem, and dedicated community.