Attracting investment from PIP, Coinbase Ventures, etc… Estimated corporate value of ’10 million dollars’


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[Blockchain Today Correspondent Han Ji-hye] The Web3 portal project PIP (, which allows you to easily add payment and remittance functions by simply connecting existing SNS accounts such as Twitter and Twitch, is a $10 million (about 12 billion won) company. It announced on the 14th that it has received a valuation and has attracted seed investment from Coinbase Ventures, Alameda Research, a global exchange FTX operator, and Galaxy Digital, a virtual asset investment company.

PIP (, officially launched on the 25th of last month, is a web3 conversion service that allows users to easily use payment and remittance functions between users on existing social platforms such as Twitter and Facebook. The procedure is easy to use. In other words, economic activities such as remittance and payment are possible without intermediary platform fees while using the existing social platform as it is.

PIP ( also provides easy remittance using simple personal tags instead of complex virtual asset addresses, transfer and payment of digital assets (SOL and Solana-based tokens) between individuals, NFT trading through social media accounts, creator and community tokens. We plan to provide a variety of Web3 services to provide economic benefits to users rather than platforms such as issuance.

Umit Akcan, co-founder of PIP (, said, “Through PIP, creators and communities around the world can freely and conveniently use Web3 functions without censorship and charging fees of the platform while still using the existing social platform where fans and members are gathered. “The goal of PIP is to help diverse and innovative web3-based creators and community economies thrive.”

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