Web3 social platform secures $2 million in funding, dedicated to secure and Decentralization communication

A certain Web3 instant messaging and social platform recently announced that it will launch a limited invitation-only beta version on December 2 of this year. The platform utilizes advanced end-to-end encryption technology to enable direct communication between wallets, providing users with a secure and decentralized user experience.

The company recently completed a $2 million pre-seed round of financing, led by several well-known investment institutions. This funding will be used to enhance user experience and improve platform functionalities. The CEO of the platform stated that the launch of the beta version is an important step in providing a secure, reliable, and community-driven communication platform to the Web3 community. Their goal is not only to launch a product but also to initiate a new era of participation in Web3 and even set new standards for Web2 chat platforms.

In recent years, traditional Web2 platforms have faced numerous challenges. Centralized control and ad-driven models often harm user data privacy, while inadequate authentication systems lead to rampant impersonation, undermining trust among users. These platforms are also susceptible to data breaches, censorship, and lack transparency in data handling and encryption. In the first half of 2023, the amount of fraud reached as high as $334 million, a significant portion of which originated from traditional social media platforms, highlighting the urgent need to address the current issues of insufficient transparency and security.

This new platform leverages blockchain technology to directly link wallets with users, enhancing trust and security, allowing users to confidently communicate. The platform's Decentralization communication transmission diagram (CDG) technology promotes Decentralization and user control over their own data, contrasting sharply with the weaknesses of Web2 platforms. The innovative "follow" feature not only simplifies contact management but also provides a unique 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 chat room shares based on positive contributions. The higher the participation, the more chat room shares are obtained, ensuring that the income generated from the chat room (including entry fees) is fairly distributed among the members. Users can exchange points for future airdrops, access to premium features, or gift them to others to foster community awareness. The platform's "Discover" feature connects users to relevant communities through wallet analysis, further enhancing network interaction in the Web3 space.

This emerging Web3 messaging and social platform aims to provide secure, decentralized inter-wallet communication for the Web3 community. It emphasizes user privacy, security, and engagement, redefining the way users connect and interact in the digital age as a community-governed platform.