New Web3 Social Star Secures Major Funding, Test Version Launching Soon

A new emerging Web3 instant messaging and social platform is set to launch its invite-only beta version on December 2nd. The platform utilizes advanced end-to-end encryption technology to enable direct communication between wallets, providing users with a secure and decentralized experience.

Recently, this company completed a pre-seed round of financing worth 2 million dollars, led by two well-known investment institutions. Other participants included several capital firms, demonstrating the investment community's high recognition of the platform's vision and technology. This funding will be used to enhance user experience and improve platform functionality.

The company's CEO stated: "The launch of the beta version is an important step for us to provide a secure, reliable, and community-owned communication platform for the Web3 community. With the support of new funding, we are not just launching a product, but also creating a new era of participation in Web3, even setting new standards for Web2 chat platforms. We will focus on collecting user feedback and continuously optimizing the platform to meet user needs and our future vision."

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

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

In addition, the platform 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. The "Discover" feature connects users to relevant communities through wallet analysis, further enhancing network connections in the Web3 space.

This innovative platform is designed for the Web3 community, emphasizing user privacy, security, and participation. As a community-owned platform, it rewards active involvement and contributions, redefining the way communication and interaction occur in the digital age.