Web3 social platform secures $2 million in funding to advance secure Decentralization communication

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

The company recently completed a $2 million pre-seed funding round, led by several well-known investment institutions. This financing will be used to enhance user experience and improve platform functionality. The company's CEO stated that the release of the beta version is an important step in providing a secure and reliable communication platform for the Web3 community. They are not just launching a product, but also pioneering a new era of participation in Web3.

In recent years, traditional Web2 platforms have faced numerous challenges. The centralized control and advertising-driven model often undermines user privacy, while the inadequacies of authentication systems have led to rampant impersonation, weakening trust among users. Moreover, these platforms are also susceptible to data breaches and censorship, lacking transparency in data practices and encryption methods. In the first half of 2023, the amount of fraud related to social media reached $334 million, highlighting the urgency of security and transparency issues.

This new platform utilizes blockchain technology to directly associate wallets with users, enhancing trust and security. Its unique Communication Delivery Graph (DG) promotes Decentralization and user data control. The platform's "Follow" feature not only simplifies contact management but also provides a new way to track and discuss wallet activities, playing an important role in user authentication.

The platform has also introduced an innovative points system, allowing users to earn points through interaction, which reflect their contributions and shares in the chat room. Points can be redeemed for future airdrops, access to premium features, or gifted to other users to promote community development. Additionally, the platform's "discover" feature connects users to relevant communities through wallet analysis, ensuring that users are always aware of their communication partners.

This emerging Web3 messaging and social platform is committed to providing secure and decentralized wallet-to-wallet communication for the Web3 community. As a community-driven platform, it values user privacy, security, and engagement, redefining social interactions in the digital age by rewarding active participation and contributions.