Focus Raises $75 Million in One Week
A decentralized SocialFi app called Focus has achieved a remarkable feat by raising over $75 million in token reservations within its first week of launch. Developed on the DeSo blockchain, Focus aims to disrupt the social media market and creator economy by offering features similar to popular platforms like OnlyFans and Patreon.
The Growing Interest in Decentralized Social Media
This impressive achievement not only highlights the potential of the platform but also reflects the increasing interest in decentralized social media. Focus combines the best aspects of existing social platforms into one app, providing permissionless and anonymous crypto-native monetization features that are not possible with traditional Web 2.0 platforms.
Empowering Users and Creators
The founder of DeSo, Nader Al-Naji, expressed his excitement about the overwhelming response received by Focus. He emphasized that their platform is not just about reshaping social media but also empowering users and creators in unprecedented ways.
Revolutionizing Online Interaction
Focus aims to revolutionize online interaction by offering advanced AI tools, addressing censorship issues, and ensuring content authenticity. Leveraging the DeSo blockchain’s Revolution PoS system, Focus enables content storage directly on-chain at a significantly lower cost compared to other blockchains like Solana and Ethereum.
Reserving FOCUS Tokens
One of the key features attracting users to Focus is the opportunity to reserve FOCUS tokens using supported currencies such as BTC, ETH, SOL, USDC, and DESO. Users participating in the early reservation period can buy FOCUS tokens and receive an additional bonus. The reservation process is user-friendly and fully refundable.
The Future of Social Media and Cryptocurrency
With its innovative approach to tokenomics, Focus is poised to redefine the landscape of social media and cryptocurrency. As the excitement within the community grows, prospective users are encouraged to reserve their tokens and earn a bonus before the app launch.
About DeSo
DeSo is a censorship-resistant layer one blockchain designed to power storage-heavy apps and scale decentralized social networks. With a mission to decentralize social media, DeSo has gained significant adoption and aims to usher in a new age of crypto-led consumer apps.
Contact
For more information, you can reach out to Ed Moss, head of growth at DeSo Foundation, via email at [email protected].
Hot Take: Coinbase-Backed Focus Raises $75 Million in One Week
The decentralized SocialFi app Focus has experienced tremendous success by raising over $75 million in token reservations within just one week of its launch. Built on the DeSo blockchain, Focus aims to disrupt the social media market and empower users and creators with innovative features. By combining the best aspects of popular platforms like OnlyFans and Patreon, Focus offers permissionless and anonymous crypto-native monetization options. With its unique approach to content ownership and user engagement, Focus is set to revolutionize online interaction. The overwhelming response reflects the growing interest in decentralized social media and sets the stage for a more decentralized future.
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