The raise will be used to launch beoble V2 features which will include multichain integration, in-app social trading, OTC function, b2b integrations, and chat-based advertisement
Hong Kong, 19th February 2024 - beoble, a revolutionary Web3 messaging and social platform, has concluded its Seed round after 3 months since its pre-seed announcement, bringing the total amount raised to $7 million. Key Investors include Hashkey, Samsung, DCG, DWF Ventures, Nomura Laser Digital, Cypher Capital, and Blockchain Founders Fund. Funds raised will invested into launching beoble V2 next month, to improve Web3 social media interaction with advanced features like multi-chain integration, in-app social trading, and OTC functions.
“beoble aims to cater to the evolving needs of our Web3 community, ensuring a platform that's not only versatile and interactive but also future-ready. Our recent Seed round is a continued push of our vision to revolutionize Web3 communication by empowering everyone to interact securely and authentically. We aim to one day foster a connected world where every individual can engage and interact in a truly Web3 way.”
– Sung Min Cho, CEO and Co-founder of beoble.
Ever since its beta launch in December, beoble has successfully gained a strong user base with 354,000 monthly active users and 600,000 monthly active wallets in January 2024 alone. As users shift from passive consumerism to active participation, beoble has quickly emerged as a platform with the capability to address the social media needs of the users in a future-proof manner, evidenced by more than 21 million chats being delivered monthly.
The rise of socialFi comes at a time when skepticism towards centralized social networks is growing and decentralized social media applications are gaining traction as viable alternatives. Contrasting sharply with Web2 social platforms, which are often criticized for restricting users, creators and businesses, Web3 platforms have introduced a new era of innovative financial streams for users. This represents not just a new chapter in the evolution of cryptocurrencies, but also an expansion of DeFi's reach into social media.
"Investing in beoble's Seed round aligns with our vision of fostering consumer applications in the Web3 space. We're excited to see how beoble continues to empower users while revolutionizing the social media landscape."
– Jorinda Hsu, Head of Ventures at DWF Ventures
On top of advanced features, the raise will also be allocated towards an upcoming token launch, BBL launching on 28th February 2024. The token can be used for all in-app activities such as B2B payments and B2C utilities like donations, social trading, NFT OTC fees and in-app advertisements. Integrating DeFi elements on a Web3 social media platform, this token launch has the potential to create a digital ecosystem based on SocialFi principles for users.
By bridging the gap between traditional social media and the Web3 shared social experience, beoble aims to be at the forefront of bringing the next billion users into the Web3 ecosystem.
About beoble
beoble is a revolutionary Web3 social platform, designed to provide enhanced decentralised wallet-to-wallet communication. With a suite of innovative features such as earn, follow, discover and a rewards-based model tailored for the web3 community, beoble prioritises user privacy, security and contribution.
Website: https://beoble.io
Twitter: https://twitter.com/beoble_official
Docs: https://docs.beoble.io
Demo video: https://youtu.be/EAzkZuOAUZg