Decentralized consumer engagement platform EarnOS raises $5 million in seed funding

The decentralized consumer engagement platform EarnOS raised $5 million in seed funding, constituting the firm's total financing thus far. 

Escape Velocity Crypto (EV3) led the financing. Animoca Brands, GD1, Laser Digital and Mentat Group provided additional support in the seed round, according to a release shared with The Block.

Built on the Layer 1 blockchain Xion, which aims to improve user experience on decentralized applications, EarnOS offers users stablecoins for finishing engagement campaigns. The platform undergirds its tech with zero-knowledge Transport Layer Security (zkTLS), a privacy-focused protocol that securely shares information between web2 and web3 ecosystems, in addition to decentralized knowledge graphs, the release continues. EarnOS also deploys artificial intelligence to better learn about a user's digital footprint so brands can provide more specific promotions while safeguarding user privacy. 

EarnOS intends to use the funds to bolster its development team and grow its brand partnership team in the United States, Europe and EMEA region alongside the Asia-Pacific in addition to other purposes, the EarnOS team told The Block. EV3 will also act as an observer of EarnOS's board of directors.

"This funding marks a transformative milestone for our team as we strive to disrupt advertising, an industry that hasn’t seen innovation in years," the EarnOS team continued. "With the strong support of our investors, the momentum of over 350,000 testnet users on the XION network, and early collaborations with some of the world’s leading brands, we’re poised to accelerate development, scale our platform, and bring EarnOS to a global stage. Our mission has always been to empower advertisers with innovative tools to connect with users in meaningful ways while rewarding people for being themselves."