Web3 social platform secures $2 million in funding, leading a new generation of communication revolution

An innovative platform dedicated to Web3 instant messaging and social services recently announced that it will launch an invitation-only beta version on December 2nd of this year. The platform utilizes advanced end-to-end encryption technology to enable direct communication between wallets, providing users with a secure and decentralized experience.

The company recently completed a $2 million pre-seed financing round, receiving support from several well-known investment institutions, demonstrating investors' high recognition of its vision and technology. This funding will be used to optimize user experience and improve platform functions.

The CEO of the company stated: "The release of the beta version marks a key step forward in building a secure, reliable, and community-driven communication platform for the Web3 community. With the support of new funding, we have not only launched a product but also ushered in a new era of Web3 participation, even setting a new standard for Web2 chat platforms. When we launch the beta version, we will focus on collecting user feedback and continuously improving the platform to meet user needs and achieve our future vision."

In recent years, Web2 platforms have faced numerous challenges. The centralized control and ad-driven model often undermine user privacy, while the inadequacies of authentication systems lead to rampant impersonation, eroding trust among users. 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 emerging platform utilizes blockchain technology to directly link 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 new way to track and discuss wallet activities, playing a key role in verifying user identities.

The platform has also introduced a points reward mechanism, allowing users to earn points through interaction and obtain shares in the chat room based on their contributions. The higher the participation, the larger the chat room share, ensuring that any 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 promote community cohesion. Additionally, the "Discover" feature connects users to relevant communities through wallet analysis, further enhancing networking interactions in the Web3 space.

This emerging platform is dedicated to providing secure, decentralized wallet-to-wallet communication services for the Web3 community. It emphasizes user privacy, security, and engagement, redefining the way users connect and interact in the digital age as a community-governed platform by rewarding active participation and contributions.