IreneDAO creators bank on fan economy to power SocialFi dreams

More: BAYC discloses Instagram hack and ByteDance gets a new CFO [Read from your browser]( Daily Newsletter Hello {NAME} The fan economy refers to the way money is made from the interaction between fans and the celebrities, influencers, and businesses they follow. I find the idea very interesting, partly because I’ve been part of the whole thing for the last 15 years without even realizing it. For as long as I can remember, I have passionately followed Arsenal Football Club through all their wins and losses. My fellow Gooners would back me up when I say that this is no easy feat. I invariably end up making a new friend each time I bump into fellow Arsenal supporters because, irrespective of personal beliefs and preferences, we’ve gone through the team’s ups and downs together. Our differences seem insignificant compared to our shared passion. This kind of environment is fertile ground for sowing the seeds of a blossoming community. However, for me, all this exists primarily in the offline world, even though somewhat controversial attempts are being made to digitize the football fan economy (Ahem... [Socios](. Obviously, the fan economy can take many forms, and some businesses seem to have cracked the code - just think of platforms such as Patreon, Discord, and OnlyFans. However, these are all Web2 applications. In our premium story pick today, my colleague, Nikita, explores how IreneDAO turned its superfans into investors and uncovers how Social Collectibles or So-Col - the startup behind this NFT collection - wants to replicate that success through its own platform in the Web3 space. Also, if you’re an entrepreneur looking for funding, [fill out this form]( to get your company featured on our list of fundraising startups. -- Shravanth  ---------------------------------------------------------------  THE BIG STORY [After IreneDAO: a world made for superfans]( IreneDAO showed how to turn superfans into investors. Now the startup behind NFT collection wants to replicate that success through its own platform.  --------------------------------------------------------------- TRENDING NEWS [Zilingo CEO Ankiti Bose weighs options to ‘gain back control’: report]( The buyback can only be executed if Bose can convince the board to side with her, a board observer close to the matter told Financial Express. [Funding Societies, Carro announce investment into Indonesia’s Bank Index]( Funding Societies said that the investment will support the company’s business strategy into neobanking. [Didi puts brakes on HK listing plans amid regulatory investigation]( The ride-hailing titan delisted from NYSE last year amid scrutiny from China’s cyberspace administration. [Razer gets shareholders nod for privatization]( More than 94% of “disinterested” shareholders voted in favor of privatization. [SG music platform secures $12m from Prosus Ventures, others]( In total, BandLab raised US$65 million for the round, lifting its valuation to US$315 million. [Honor seeks expansion capital ahead of potential IPO]( Foreign funding would help Honor distance itself from Huawei, but investors are wary of the high valuation and the risk of US sanctions, Bloomerg reported. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - *Event* Tech in Asia’s [Product Development Conference]( on June 8th-9th We are inviting over 20 leaders in successful startups and multinational companies to discuss the strategies needed to build winning products. Don't miss your chance to learn from experts with over *50* years of combined experience on how to supercharge the growth of your product in a competitive market. Get your tickets [here!]( P.S.: Tech in Asia Core subscriber? Join the event for free! RSVP today.  ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Junior Solutions Engineer]( at Ematic Solutions Manila, Philippines - [Startup Senior Business Development Manager]( at AWS Jakarta, Indonesia - [Marketing Manager]( at Tech in Asia Singapore, Singapore - [Startup Account Manager, Indonesia]( at AWS Jakarta, Indonesia - [HC Onboarding & Campaign Specialist]( at PT Erajaya Swasembada Tbk. Jakarta, Indonesia - [Backend Engineer]( at Paras Digital Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. Too many emails? Switch to a different frequency or get new content through our [preference center]( or [unsubscribe](. You can also break our hearts and remove yourself from all Tech in Asia emails over [here](  ---------------------------------------------------------------  Copyright © 2022 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894