Web3 social platform secured $2 million in funding and launched a beta version

A new emerging Web3 instant messaging and social platform has announced that it will launch an invite-only beta version on December 2nd of this year. The platform uses advanced end-to-end encryption technology to enable direct communication between wallets, providing users with a secure and decentralized experience.

Recently, the company completed a $2 million pre-seed funding round led by several well-known investment institutions. This funding will be used to enhance user experience and improve platform functionality. The company's CEO stated that the release of the beta version is an important step towards providing a secure and reliable communication platform for the Web3 community. Their goal is not only to launch a product but also to usher in a new era of Web3 participation and even set new standards for Web2 chat platforms.

In recent years, Web2 platforms have faced numerous challenges. Centralized control and ad-driven models often compromise user privacy, and the lack of effective identity verification has led to rampant identity fraud. Additionally, these platforms are 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 media platforms, highlighting the urgency of transparency and security issues.

This new platform utilizes blockchain technology to directly link wallets with users, enhancing trust and security. Its unique Communication Delivery Graph (DG) facilitates decentralization and user data control. The platform's "Follow" feature not only simplifies the contact list but also provides a new way to track and discuss wallet activities, playing a key role in verifying user identities.

The platform also allows users to earn points through interaction, accumulating shares in the chat room based on positive contributions. The higher the participation, the more shares in the chat room, ensuring that income (including entry fees) is fairly distributed among members. Points can be redeemed for future airdrops, access to premium features, or donated to other users to foster community awareness. Additionally, the "Discover" feature connects users to relevant communities through wallet analysis, enhancing network building in the Web3 space.

This innovative platform is designed for the Web3 community, focusing on user privacy, security, and engagement. As a community-owned platform, it redefines the way users connect and interact in the digital age.