- February 19, 2024
- Posted by: [email protected]
- Category:
Web3 social media platform beoble, headquartered in Hong Kong, has successfully concluded its seed funding round, amassing a noteworthy $7 million from a diverse consortium of investors. Notable contributors to this funding include industry giants like Hashkey, Samsung, DCG, DWF Ventures, Nomura Laser Digital, Cypher Capital, and the Blockchain Founders Fund. This achievement comes on the heels of their pre-seed announcement, demonstrating the growing confidence and support for Beoble’s innovative approach to decentralized social networking.
This substantial injection of capital is poised to propel Beoble into its next phase of development, with the imminent launch of Beoble V2 scheduled for the upcoming month. This new iteration promises a host of groundbreaking features, including multi-chain integration, in-app social trading functionalities, OTC trading capabilities, B2B integrations, and an inventive chat-based advertising system.
Sung Min Cho, Beoble’s CEO and co-founder, conveyed the profound impact of this recent funding round, emphasizing the platform’s commitment to revolutionizing Web3 communication. Cho stated, “Our recent seed round fuels our vision to revolutionize Web3 communication by empowering everyone to interact securely and authentically. We aim to one day foster a connected world where every individual can engage and interact in a truly Web3 way.”
Since its beta launch in December, Beoble has experienced exponential growth, with an impressive 354,000 monthly active users and a staggering 600,000 monthly active wallets recorded in January 2024 alone. This surge in user adoption underlines Beoble’s potential to meet the escalating demand for decentralized social media alternatives. It also addresses growing concerns about data privacy and user ownership, which have become increasingly pronounced on centralized platforms.
The strategic focus on “SocialFi” distinguishes Beoble as a pioneer in integrating decentralized finance (DeFi) elements into social media platforms. This forward-thinking approach not only aligns with industry trends but also introduces new financial opportunities for users, transcending the limitations of traditional social media models. Beoble’s commitment to creating a more inclusive and user-centric ecosystem reflects the evolving landscape of Web3 social platforms.
In addition to the upcoming features, Beoble is gearing up for the launch of its native token, BBL, scheduled for February 28th, 2024. The introduction of this token is anticipated to enhance user engagement by facilitating various in-app activities, including B2B payments, B2C utilities such as donations and social trading, NFT over-the-counter (OTC) fees, and in-app advertisements. Beoble’s strategic positioning at the intersection of social media and blockchain technology positions it as a trailblazer, offering users a seamless and financially inclusive experience within the Web3 paradigm.
