Hong Kong-based Web3 Social Platform beoble Raises $7 Million in Seed Funding
Hong Kong-based Web3 social platform beoble has successfully closed its seed funding round, securing a total of $7 million. The funding comes from a diverse group of investors, including Hashkey, Samsung, DCG, DWF Ventures, Nomura Laser Digital, Cypher Capital, and Blockchain Founders Fund. This latest funding follows their pre-seed announcement three months ago.
beoble V2 Launch and Features
beoble plans to utilize the raised capital to launch beoble V2 next month. The new version will introduce several exciting features:
- Multi-chain integration
- In-app social trading functionalities
- Over-the-counter (OTC) trading function
- Business-to-business (B2B) integrations
- Chat-based advertising
The aim is to revolutionize Web3 communication by providing secure and authentic interaction for all users. beoble envisions a connected world where individuals can engage and interact in a truly Web3 way.
Rising Demand for Decentralized Social Media Alternatives
Since its beta launch in December, beoble has experienced rapid growth. It currently boasts 354,000 monthly active users and 600,000 monthly active wallets as of January 2024. This surge in popularity reflects the increasing demand for decentralized social media alternatives due to concerns about data privacy and user ownership on centralized platforms.
beoble’s focus on “SocialFi” aligns with the trend of integrating decentralized finance (DeFi) elements into social media platforms. This integration opens up new financial opportunities for users beyond traditional social media models.
Upcoming Launch of Native Token BBL
In addition to the new features, beoble is preparing for the launch of its native token, BBL, on February 28th, 2024. The token will serve various purposes within the app, including B2B payments, B2C utilities like donations and social trading, NFT OTC fees, and in-app advertisements.
Hot Take: Web3 Revolutionizing Social Media
The success of beoble’s seed funding round and its upcoming V2 launch demonstrate the increasing interest in Web3 social platforms. With its focus on secure and authentic interaction, multi-chain integration, and innovative features like social trading, beoble aims to revolutionize the way we communicate and engage online. As the demand for decentralized alternatives to centralized social media platforms continues to rise, beoble is well-positioned to capitalize on this growing trend.
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