Social app Giggles raises over $1 million in pre-seed funding, led by 1kx.

Giggles, a social app that integrates prediction market mechanisms, announced the completion of a pre-seed funding round of over $1 million. The round was led by 1kx, with participation from Noar Ventures, Bain Capital, Virtuals Protocol, and Night Capital, an early investor in the prediction market Kalshi. Giggles focuses on a "content-tradable" model, allowing users to "buy" content early in its development and, combined with prediction market mechanisms, transforming "content discovery" into a quantifiable economic activity. The new funding will be used to improve product features, expand distribution, and prepare for the official public beta. (PRNewswire)