The parent company of the NFT project Rekt Drinks, Rekt, has completed a seed round of financing worth 1.5 million US dollars

According to Cointelegraph, Rekt Brands Inc. (Rekt), the parent company of the Rektguy NFT project Rekt Drinks and the intellectual property of the Rekt brand, has announced that it has completed a $1.5 million seed round financing. The funding was entirely provided by angel investors and community funding (no venture capital firms participated).

As introduced, Rekt Brands Inc. is the parent company owning the Rektguy NFT project Rekt Drinks and intellectual property rights of the Rekt brand. The brand originated from artist Ovie Faruq's (OSF) series of Rekgtuy NFTs and has now expanded into consumer goods and community equity models. Through its Web3 foundation, innovative products, and global community,  Rekt aims to redefine brand ownership and participation.