Intract, a Web3 platform established in 2022 by Abhishek Anita, Apurv Kaushal, and Sambhav Jain, has secured $3 million in funding through a round led by Alpha Wave Global and BITKRAFT Ventures. Notable investors include Gumi Cryptos, Polygon Ventures, DeVC, Tokentus, MoonPay, Web3 Studios, as well as angel investors associated with companies like Coinbase and Alchemy. The funding aims to double the team's size and expand the platform, with a goal of reaching a billion users. Intract introduces an innovative concept called 'quests,' which serve to educate users on emerging technologies such as blockchain and incentivize them for early adoption of Web3 companies. These quests offer an interactive learning experience for users to explore new products and services, while earning rewards in the form of crypto, NFTs, and loyalty points.

Marketers and entrepreneurs are recognizing the potential advantages of Web3 quests, acknowledging their ability to effectively attract fresh users and cultivate loyalty. Intract has emerged as a favored platform among numerous projects aiming to augment user engagement and extend their outreach. Looking to the future, Intract intends to further amplify its operations and broaden its range of products. The platform has experienced substantial growth, boasting over two million active users and affiliations with over 1,000 companies, including prominent industry names such as Binance, Polygon and MetaMask. Linea, a layer-2 blockchain, recently launched its quest on Intract, attracting millions of users and facilitating a transaction volume surpassing $1 billion.

Sambhav Jain, Co-founder and CEO of Intract, articulated, “Intract envisions constructing an ecosystem that assists users in unlocking value from fresh financial prospects and digital economies generated by Web3”. Jain added, “We are only at the beginning stages with our robust network effects and a profitable business model, positioning Intract on a trajectory to become the Web3 ecosystem leader”. Expressing enthusiasm about backing Intract's expansion, Tushar Behl from Alpha Wave conveyed, “Intract's unique fusion of community and rewards is reshaping user distribution within Web3. Their substantial user base growth stands as evidence of their success. We are thrilled to support Intract as they grow and introduce Web3 to a broader audience”.