Web3 social platform secures $2 million funding, driving a new era of Decentralization communication.

A new emerging Web3 instant messaging and social platform recently announced that it will launch an invite-only beta version on December 2, 2023. The platform employs advanced end-to-end encryption technology, enabling seamless wallet-to-wallet communication and providing users with a secure and Decentralization experience.

The company recently completed a $2 million seed round financing, led by several well-known investment institutions. Other participants in the financing include some renowned cryptocurrency investment firms, demonstrating the investors' high confidence in the platform's vision and technology. This funding will be used to enhance user experience and improve platform features.

The company's CEO stated: "The release of the beta version is an important step for us to provide a secure, reliable, community-owned communication platform for the Web3 community. With the newly acquired funding support, we are not just launching a product but are pioneering a new era of Web3 participation, even setting new standards for Web2 chat platforms. Our focus is on gathering user feedback to ensure continuous improvement of the platform to meet user needs and our vision for the future."

In recent years, Web2 platforms have faced numerous challenges. Centralized control and ad-driven models often compromise user privacy, and the lack of robust authentication systems has also led to rampant impersonation, undermining trust among users. These platforms are also susceptible to data breaches and censorship, lacking transparency in data practices and encryption methods. In the first half of 2023, scams triggered by social media platforms amounted to as much as $334 million, highlighting the urgency of transparency and security issues.

This emerging Web3 platform utilizes blockchain technology to directly connect wallets with users, enhancing trust and security, and laying a solid foundation for identity control. The platform's Communication Delivery Graph (DG) promotes Decentralization and user data control, contrasting sharply with Web2 platforms. Its 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 has also introduced a points mechanism, allowing users to earn points through interaction and accumulate chat room shares based on their positive contributions. The higher the participation, the more chat room shares are gained, ensuring fair distribution of income 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 interactions in the Web3 space.

The emergence of this innovative platform marks the arrival of a new era in Web3 social communication. It not only addresses many of the issues present in current Web2 platforms but also provides users with a safer, more transparent, and decentralized social experience. With the launch of the beta version, we have reason to expect how this technology will reshape the digital social landscape, bringing more value and protection to users.