Beoble, a pioneering Web3 messaging and social platform, has successfully completed its Seed funding round, raising a total of $7 million. This achievement comes just three months following the announcement of its pre-seed phase, marking a significant milestone in the platform's development journey. The round saw participation from leading investors such as Hashkey, Samsung, Digital Currency Group (DCG), DWF Ventures, Nomura Laser Digital, Cypher Capital, and Blockchain Founders Fund.
The funds are earmarked for the imminent launch of Beoble V2, a move aimed at enriching the Web3 social media landscape. Slated for release next month, Beoble V2 promises to introduce a suite of advanced features, including multi-chain integration, in-app social trading, and over-the-counter (OTC) functionalities. These enhancements are designed to foster a more interactive, versatile, and future-proof platform, catering to the evolving needs of the Web3 community.
Sung Min Cho, CEO and Co-founder of Beoble, expressed the company's vision: “Our aim is to create a platform that not only meets the current demands of our Web3 community but also anticipates future needs. This recent funding is a testament to our commitment to revolutionizing Web3 communication, enabling secure and authentic interactions within a truly connected world.”
Since its beta launch in December, Beoble has rapidly built a robust user base, boasting 354,000 monthly active users and 600,000 monthly active wallets as of January 2024. The platform's success reflects a shift from passive content consumption to active user participation, highlighted by over 21 million chats delivered monthly.
The emergence of SocialFi, set against the backdrop of growing skepticism towards centralized social networks, underscores the appeal of decentralized alternatives. Web3 platforms, such as Beoble, are heralding a new era of financial opportunities for users, contrasting with the restrictive nature of traditional Web2 social media.
Jorinda Hsu, Head of Ventures at DWF Ventures, noted the strategic alignment with Beoble's vision, emphasizing the potential impact on the social media sector.
Additionally, the funding will support the launch of Beoble's native token, BBL, set for February 28, 2024. This token will facilitate a range of in-app activities, from B2B payments to B2C utilities like donations, social trading, NFT OTC fees, and advertising. The integration of DeFi elements into a Web3 social media framework signals a pivotal step towards a SocialFi-based digital ecosystem.
Beoble's mission to bridge traditional social media with a Web3 shared social experience aims to usher in the next billion users into the Web3 ecosystem, positioning it at the vanguard of the industry's evolution.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.