Web3 social platform secures $2 million in funding and launches beta version

A certain Web3 instant messaging and social platform recently announced that it will launch an invite-only beta version on December 2nd. The platform employs advanced end-to-end encryption technology to achieve seamless wallet-to-wallet communication, providing users with a secure and decentralized experience.

The company recently completed a $2 million pre-seed financing round led by several well-known investment institutions. The funds will be used to enhance user experience and improve platform functionality, demonstrating investors' confidence in the platform's vision and technology.

The CEO of the company stated: "The release of the beta version is an important step for us to provide a secure, reliable, and community-owned communication platform for the Web3 community. We are not just launching a product; we are pioneering a new era of Web3 participation, even setting a benchmark for Web2 chat platforms. We will focus on collecting user feedback and continuously improving the platform to meet user needs and future vision."

In recent years, Web2 platforms have faced numerous challenges. Centralized control and ad-driven models often compromise user privacy, while the lack of robust authentication systems leads to rampant impersonation, undermining trust among users. These platforms are also vulnerable to data breaches and censorship, lacking transparency in data practices and encryption methods. In the first half of 2023, the amount of fraud reached as high as $334 million, a significant portion of which originated from traditional Web2 social platforms, highlighting the urgency of issues related to transparency and security.

This new platform utilizes blockchain technology to directly associate wallets with users, enhancing trust and security, allowing users to communicate with confidence. Its unique Communication Delivery Graph (DG) promotes decentralization and user data control, standing in stark contrast to Web2 platforms. The innovative "Follow" feature not only simplifies the contact list but also provides a unique way to track and discuss wallet activities, playing a key role in verifying user identities.

The platform allows users to earn points through interaction, accumulating chat room shares based on positive contributions. The higher the participation, the more chat room shares are obtained, ensuring that the income generated by the chat room (including entry fees) is fairly distributed. Points can be redeemed for future airdrops, access to premium features, or donated to other users to foster community awareness. The "Discover" feature connects users to relevant communities through wallet analysis, ensuring users are aware of their communication partners.

This emerging Web3 messaging and social platform aims to provide secure and decentralized wallet-to-wallet communication. It is designed specifically for the Web3 community, emphasizing user privacy, security, and engagement. As a community-owned platform, it rewards active participation and contributions, redefining the way users connect and interact in the digital age.