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Solana Creator Platform DRiP Completes $8 million Seed Round

Solana-based creator platform DRiP has completed a $8 million seed round led by NFX, Progression and Coinbase Ventures. The funds will be used to bring DRiP's mobile app to market and expand the development of its creator tool. DRiP's seed former lead investor Placeholder, 6th Man Ventures and more than 30 angel investors also participated in the round. The valuation and funding structure were not disclosed. The project said the new capital will be used to accelerate creator onboarding, launch consumer-facing mobile apps, and expand the development of creator tools and platform capabilities