A NYC based startup, Fuul, focussing on affiliate marketing for web3 brands and creators using blockchain technology comes out of stealth mode and enters into private beta.
Fuul’s technology is based on smart contracts for secure management of rewards and referral tracking on the blockchain. Fuul’s smart contracts have their own conversion events, payout rules, budgets.
On successful referrals affiliates claim commissions directly from the contract. The company takes an 8 % commission on top of affiliate commissions which currently includes EVM networks.
Fuul will enable creators, influencers, publishers to partner with the crypto projects and promote them.
As of now famous startups like Crypto Startup School by a16z and DCG Expeditions backed Fuul. They have also managed to get some seed finances in order to begin the operations.
Fuul plans to raise a seed fund, grow its team, bring on more web3 builders. Decentralise its protocol for greater transparent and trust.