Solana creator platform DRiP completes $8 million seed round financing, led by Coinbase Ventures and others.

according to The Block, the Solana-based creator engagement platform DRiP announced the completion of an $8 million seed round financing, led by NFX, Progression, and Coinbase Ventures. Other participants include previous seed round lead investor Placeholder, 6th Man Ventures, and over 30 angel investors.

DRiP stated that the funds will be used to accelerate creator onboarding, launch a consumer-facing mobile application, expand creator tools and platform feature development, and increase marketing efforts to attract new users.