From Investing.com

November 7, 2024 2:00 PM:

Rekt Brands Inc. completes a $1.5 million seed funding round, funded by angel investors and the community, without institutional venture capital. The success follows the launch of Rekt Drinks, a lime-flavored sparkling water with the Rekt branding, which sold out 222,456 units across 32 countries in under 48 hours.

Founded from the Rektguy NFT collection by artist Ovie Faruq, Rekt Brands offers equity in the parent company directly to NFT holders. The brand aims to expand its product lineup and strengthen brand awareness in and outside of Web3, with upcoming projects to engage and reward its community.

Rekt’s sell-out success of their first consumer product, Rekt Drinks, highlights the brand’s potential as a cultural force in both digital and traditional markets. With plans to expand their product lineup and strengthen brand awareness, Rekt is focused on engaging and rewarding its dedicated community through innovative projects.

Read more at Investing.com: Rekt Raises $1.5M Seed Round Backed by Angels and Community, Following Sell-Out Success of Rekt Drinks By Chainwire