Rekt Brands Inc. Completes $1.5M Seed Funding Round to Expand Web3 Brand into Traditional Markets

elaware, November 7th, 2024, Chainwire

Delaware, Wilmington, 7th November, 2024, Chainwire

Rekt Brands Inc. (Rekt), the parent company behind the Rektguy NFT venture, announces the completion of a $1.5 million seed funding round. This funding was secured entirely from angel investors and the community, without any institutional venture capital, showcasing the strong support Rekt has garnered from its loyal network.

This funding announcement follows the recent launch of Rekt Drinks, which marks the first consumer product from Rekt. Rekt Drinks is a lime-flavored sparkling water with zero caffeine and zero alcohol, featuring the iconic Rekt branding. The product debuted last week with 222,456 units available across 32 countries. Demand for the drinks was astronomical, with the entire stock selling out in less than 48 hours. In the U.S. alone, the drinks sold out completely within 4 hours and 20 minutes. This launch is set to go down in the annals of Web3 history, being one of the largest real-world product sales by a Web3 brand, further cementing Rekt's potential as a cultural behemoth in both digital and traditional markets.

Rekt was born from the success of the Rektguy NFT collection, which was created by artist Ovie Faruq (OSF) and launched in May 2022. Since then, the Rektguy project has expanded into Rekt Brands, which spearheads the Rekt IP and pioneered a unique industry model by offering equity in the parent company directly to its NFT holders, utilizing a Reg CF exemption under SEC guidelines in the U.S.

“For the past 2 years, Rekt has had this die-hard, cult-like community, and our goal is to fulfill its potential as one of the largest Web3 brands,” said OSF. “With the sell-out of our drinks last week, that's 222,456 times someone will pick up a can with the Rekt logo and a Rektguy on it. It's a whole new level for us in terms of brand awareness.”

With this fresh infusion of capital, Rekt is poised to expand its product lineup, bolster its brand awareness in and outside of Web3, and continue bridging digital culture with physical consumer products. The Rekt community remains the beating heart of the brand's mission, with upcoming projects that will continue to empower, engage, and reward its dedicated supporters.

About Rekt

Rekt Brands Inc. is the parent company that owns the Rektguy NFT venture, launches Rekt Drinks, and spearheads the Rekt brand intellectual property. Having established itself through the success of the Rektguy NFT collection by artist Ovie Faruq (OSF), the brand has expanded into consumer goods and groundbreaking community equity models. Rekt aims to redefine brand ownership and engagement through its Web3 foundation, innovative products, and viral global community.

Contact

CEO

Ovie Faruq

Rekt Brands Inc.

ovie@rektdrinks.com

This is a press release. Readers should conduct their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.