Web3 social platform secures $2 million in funding, launches encryption communication beta version

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

The company recently completed a $2 million pre-seed funding round, led and participated by several well-known investment institutions. This funding will be used to enhance user experience and improve platform features, demonstrating investors' confidence in the company's vision and technology.

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

In recent years, Web2 platforms have faced numerous challenges. The centralized control and advertising-driven model often harms user privacy, and the lack of robust authentication systems leads to rampant impersonation, undermining trust among users. 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 defrauded reached as high as $334 million, a significant portion of which originated from traditional Web2 social platforms, highlighting the urgency of transparency and security issues.

This new platform utilizes blockchain technology to directly link wallets with users, enhancing trust and security, allowing users to communicate confidently. Its unique Communication Delivery Graph (, DG), promotes decentralization and user data control. The innovative "Follow" feature not only simplifies the contact 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 engagement, 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 networking in the Web3 space.

This innovative platform is tailor-made for the Web3 community, emphasizing user privacy, security, and engagement. As a community-owned platform, it rewards active participation and contributions, redefining the way users connect and interact in the digital age.