T-Rex, a Web3 consumer entertainment platform focused on rewarding users for consuming online content, has secured $17 million in a pre-seed funding round. The platform aims to integrate blockchain technology to provide crypto rewards for content consumption on social media platforms such as X, TikTok, and YouTube. The funding round attracted investments from several venture capital firms and funds, including Portal Ventures, North Island VC, hiFramework, Arbitrum Play, Ark Stream, Mindfulness Capital, Hypersphere, SNZ Holding, and Arche Fund. T-Rex positions itself as a Layer 1 blockchain that enhances Web3 engagement by enabling seamless integration with Web2 applications. This funding round follows recent capital flows into blockchain projects such as Celestia, Story Protocol, and Walrus, which have raised $100 million, $140 million, and $140 million respectively, focusing on modular data availability, blockchain-based intellectual property management, and decentralized storage solutions.