Animoca Brands has made a significant investment in Beoble aimed at advancing its Web3 social platform.

Web3 messaging and social platform beoble They secured a confidential strategic investment from Animoca Brands , a leading organization that is at the forefront of developing digital property rights for gaming and the open metaverse.

Beoble’s Web3 social platform The platform features secure wallet-to-wallet messaging, token-gated chat rooms, and unique earning functionalities. The new funding will accelerate the platform's development and enhance its features, making it easier to attract users worldwide.

In a collaborative effort, Animoca Brands and Beoble intend to enhance Beoble's chat functionalities by integrating them with relevant entities within Animoca Brands' portfolio, which will enrich community interaction and engagement. Web3 ecosystem.

According to Sung Min Cho, the Founder and CEO of Beoble, \"Beoble 2.0 is designed to deliver B2B chat solutions for various applications, such as in-game chats for web3 games or trading chats in decentralized exchanges. With Animoca's expansive portfolio, we are confident that our exposure to their ecosystem will significantly aid our rapid growth.\"

"Currently, we offer numerous web3-specific features including token-gated and NFT-gated chat options, trade alerts within chats, token-based spam filters, and more. We plan to build on this by introducing native token donation capabilities, entrance fees, and advertisements.\"

Beoble recently raised $7 million funding They raised capital through a seed funding round that included investors like Hashkey, Samsung, DCG , DWF Ventures, Nomura Laser Digital, Cypher Capital, and the Blockchain Founders Fund. Since launching its beta version in December, Beoble has attracted a substantial user base, boasting 354,000 monthly active users and recording 600,000 active wallets in January 2024.

Introducing the Next Generation of Social Media through Web3

As users transition from passive consumption to active engagement, Beoble has swiftly established itself as a platform capable of meeting users' evolving needs in a forward-thinking way, highlighted by over 21 million chats being exchanged monthly. social media \"Our investment in Beoble underscores our belief in the team's potential and their technology to revolutionize how people communicate online. Integrating Beoble’s chat features can cultivate more dynamic and engaged communities, consistent with our vision for a richer social experience in an interlinked and interactive Web3 landscape. We eagerly anticipate Beoble's ongoing expansion and influence,\" said Yat Siu, co-founder and executive chairman of Animoca Brands.

This investment emerges at a time when there's rising skepticism towards centralized social networking and decentralized social media alternatives are becoming more appealing.

The rise of socialFi Unlike traditional web2 social media platforms, which often face criticism for limiting their users, new decentralized platforms are ushering in innovative financial opportunities for individuals, signaling a fresh chapter in the cryptocurrency landscape.

"Our aim is to create a completely decentralized messaging protocol, shifting our focus to B2B instead of merely being another app,\" stated Beoble’s Sung Min Cho in an interview with Cryptocurrencylistings. \"Our ambition is to establish a cohesive web3 chat layer, allowing users to communicate across various decentralized applications (dApps) while managing a singular chat storage system through our application.\" web3 , it's important to note that the information shared on this page should not be seen as legal, tax, investment, financial, or similar advice. Always invest only what you can afford to lose and consult independent financial experts if you have any uncertainties. For more details, we recommend checking the terms and conditions, as well as the support resources provided by the issuer or advertiser. MetaversePost strives for accurate and objective reporting, but keep in mind that market conditions can change without prior notice. DeFi ’s reach into social media.

Victor serves as a Managing Tech Editor/Writer for Metaverse Post, delving into topics related to artificial intelligence, cryptocurrency, data science, the metaverse, and cybersecurity within the enterprise domain. With five years of experience in media and AI at esteemed publications like VentureBeat, DatatechVibe, and Analytics India Magazine, he is also a Media Mentor at prestigious institutions including Oxford and USC and holds a Master’s degree in data science and analytics. Victor is dedicated to keeping readers informed about new trends.