IreneDAO creator’s startup raising funds at $100m valuation

So-Col (Social Collectables), the startup co-founded by crypto influencer Irene Zhao, is raising fresh funds at a valuation of US$100 million in a round led by Blockchain Capital, The Block reported, citing sources.

The size of the round was not disclosed as discussions are still on.

So-Col had raised US$1.75 million in a seed round co-led by DeFiance Capital and Animoca Brands in February.

Zhao is the influencer behind IreneDAO, an NFT project that had raised US$5.58 million within 10 days of its launch.

Co-founded by Zhao and Benjamin Tang, So-Col aims to make Web3 accessible, affordable, and more eco-friendly for everyone.

See also: After IreneDAO: a world made for superfans