Intract, a learn & earn platform, raises $3M to build Web3’s largest community

Singapore — Intract, a profitable web3 learn & earn platform, today announced a $3 million funding round led by Alpha Wave Global, BITKRAFT Ventures, Gumi Cryptos. Polygon Ventures, Tokentus, MoonPay, Web3 Studios, and others participated in the round. The funding will be used to double the team size and scale the platform to reach a billion users.

With over 2 million active users, Intract helps users explore new projects across various verticals in web3. Intract users learn about such projects through campaigns called ‘quests’ and are incentivized to complete certain tasks for rewards. This platform also solves the biggest pain point of user acquisition and community engagement for web3 projects. Through Intract quests, projects now have a way to grow new users and build loyalty. Linea, a layer-2 blockchain, recently launched its quest on Intract which attracted millions of users on Linea.

Intract has partnered with 1,000+ companies including Binance, Polygon, and MetaMask, and facilitated over $1B of volume. In 2024, Intract plans to launch its academy, a curated learning experience designed for web2 users exploring web3, and the Intract Internal Economy, where users can engage with peers through a network which will decentralize in the future.

“Intract’s vision is to scale web3 to the next billion users. We’re living in a time where technologies like blockchain and AI are evolving faster than we can keep up, and Intract presents a novel solution for everyone to not just learn but also earn from the ever-changing tech landscape,” says Sam Jain, co-founder & CEO at Intract.

“Intract is strategically positioned to become a key growth partner to Web3 dApps. We’ve been proud to see a hungry team shipping at breakneck speed looking for the perfect formula to onboard users into crypto, and are excited to see their strong recent progress and product market fit,” commented Carlos Pereira of BITKRAFT Ventures.

For more information about Intract, please visit https://www.intract.io.