You often hear in crypto of a project being the Web3 of ABC. For about a decade in the US VC world, everything was the Uber of XYZ like small tasks with TaskRabbit or groceries with Instacart or Shipt for other retail. Beoble, whose social chat and messaging app wants to be the WhatsApp of Web3, has some big, big news.
Beoble announced today that it raised $7 million in its seed round. They will use the money to
“…revolutionize web3 communication by empowering everyone to interact securely and authentically”
according to CEO and Co-founder Sung Min Cho. Per the team, the platform already has 354,000 monthly active users (MAU) and 600,000 monthly active wallets (MAW) as of last month. That’s some pretty fast growth.
SocialFI Growing Fast
SocialFi in general is growing fast with friend.tech and Farcaster leading the way. So it’s no surprise that when you look at this list of funders for Beoble, it is a list of some of the heaviest of heavy hitters. Companies like:
- Samsung
- Hashkey Capital
- DWF Labs (huge market maker in the industry)
- Digital Currency Group
- Morningstar Ventures
- and more.
Here’s the announcement on X from earlier today
We are proud to announce that beoble has closed its seed round of investment, just three months after announcing the closure of the pre-seed round.🥳
📰Press release by @Cointelegraph ➡️https://t.co/9g4l8JVWlb
In total, we have raised $7 million from prominent investors such as… pic.twitter.com/UbQoqAFVd1
— beoble (@beoble_official) February 19, 2024
With the goal of WhatsApp of Web3, Beoble hopes to bring more security and functionality than WhatsApp currently offers its users. For example, Beoble wants to add
- B2B payments
- B2C payments or donations
- Social trading
- NFTs
- Improved security
- and decentralized wallet-to-wallet communications.
These are some pretty ambitious goals. The $7 million will be used to add both more tech expertise and some marketing muscle to help grow the message and the user base.
Have you tried Beoble or other SocialFi platforms? Which ones do you like?
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