Beoble Secures $7M in Funding to Enhance Web3 Social Interaction and Messaging Experience

Web3 messaging and social platform beoble In a recent seed funding round, beoble announced it raised $7 million to initiate the launch of beoble V2 next month. This upgrade aims to enhance social media engagement with cutting-edge features, including multichain compatibility, in-app social trading, and OTC functionalities. web3 The platform is set to launch its token, $BBL, on February 28, 2024. This token will facilitate all in-app transactions, including B2B payments, donations, social trading, and cover fees for OTC activities and advertisements within the app.

According to Sung Min Cho, the CEO and co-founder of beoble, the essence of beoble V2 is its role as a protocol rather than merely an application. This shift opens vast possibilities, allowing beoble to be utilized in various contexts such as in-game chats, customer support conversations, and trading chatrooms. NFT Furthermore, the BBL token will act as a multifunctional tool within the Beoble ecosystem, supporting activities like B2B transactions, chatroom entry fees, donations, and innovative features such as Super Chat, which allows users to send direct messages embellished with $CAT that can be claimed after they’re read.

In addition, plans are underway for Over-the-Counter (OTC) trading and social trading functionalities within group chats, alongside the inclusion of text-based games and a marketplace, with more features anticipated in the near future, as noted by Min Cho.

Prominent investors backing beoble include Hashkey, Samsung, DCG, DWF Ventures, Nomura Laser Digital, Cypher Capital, and Blockchain Founders Fund.

Pioneering the Future of Web3 Social Media with a Robust Platform

Since launching its beta version in December, Beoble has rapidly cultivated a substantial user community, boasting 354,000 active users monthly and 600,000 wallets active in January 2024. As users transition from being mere spectators to engaged participants, beoble stands out as a platform prepared to meet the evolving social media requirements, highlighted by over 21 million chats held monthly.

The emergence of socialFi comes at a pivotal moment when skepticism toward centralized social platforms is on the rise, pushing decentralized social media solutions into the spotlight as credible alternatives.

Commenting on this trend, beoble’s CEO Sung Min Cho shared, 'beoble is experiencing a surge of interest among web3 socialfi enthusiasts. We are eager to seize this moment to broaden our ecosystem significantly. Our mission is to establish beoble as the social protocol that enables chat functions across a range of applications, propelling expansive ecosystem growth.'

In stark contrast to web2 platforms, often critiqued for their restrictive nature towards users, creators, and businesses, decentralized frameworks are ushering in an era of innovative revenue streams for participants. This marks a significant progression in cryptocurrency evolution and extends the influence of DeFi into the realm of social media.

'Interoperability is paramount in web3. All components must integrate seamlessly and depend on one another, each element designed to be universal in its capabilities. Our vision is to position ourselves as the universal chat solution, establishing a singular source of truth for social data and communications,' Min Cho reiterated.

, it is important to highlight that the details provided on this page are not intended to serve as and should not be interpreted as legal, tax, investment, financial, or any form of advice. Always invest only what you can afford to lose and consult independent financial guidance if you have any concerns. For additional insights, we recommend reviewing the issuer's or advertiser's terms and conditions alongside their help and support resources. MetaversePost is dedicated to delivering precise, unbiased news, though market conditions can shift without warning. web3 Kumar is a seasoned Tech Journalist specializing in the vibrant intersections of AI/ML, marketing technology, and emerging areas such as cryptocurrency, blockchain, and NFTs. With over three years in the sector, Kumar has cultivated a strong reputation for crafting engaging narratives, conducting enlightening interviews, and delivering thorough analysis. His expertise lies in producing impactful content, from articles and reports to research works for well-known industry platforms. By blending technical savvy with storytelling, Kumar skillfully simplifies complex technological ideas for diverse audiences, ensuring clarity and engagement.

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