DeSo's SocialFi Application Focus Secures $75 Million Backing in Just One Week.

Los Angeles, California, February 7th, 2024, Chainwire

Key Takeaways

• In just one week, the innovative decentralized SocialFi application Focus has pulled in an impressive $75 million.
• Positioned against subscription giants like OnlyFans and Patreon, Focus is set to make a significant impact in the multi-billion-dollar market.
• For a limited period, users can stake with DESO, BTC, ETH, and more to receive a substantial 90% bonus in $FOCUS tokens.

Within its inaugural week, Focus, a novel decentralized SocialFi app underpinned by the DeSo blockchain, has generated considerable buzz in the cryptocurrency space, amassing over $75 million in token reservations.

This remarkable feat not only showcases the platform's vast potential but also highlights the increasing enthusiasm surrounding decentralized social media.

Focus (focus.xyz), created by DeSo—the team that secured $200 million from renowned backers such as Coinbase, Sequoia, a16z, and Polychain—intends to disrupt the trillion-dollar social media sphere and creator economy through its innovative features that compete with X, OnlyFans, and Patreon.

The addressable market for this arena is immense, with OnlyFans estimated to process around $8 billion in 2023 while imposing a hefty 20% transaction fee. These significant charges are a burden for creators, underscoring the demand for a more equitable solution.

Focus melds the best aspects of platforms like OnlyFans, Patreon, and X into a single application, offering users permissionless and anonymous monetization options that web2 can’t facilitate.

Built on the Decentralized Social With its unique perspective on content ownership, creator monetization, and user interaction, Focus stands out on the DeSo blockchain.

In light of this extraordinary accomplishment, Nader Al-Naji the founder of DeSo and mastermind behind Focus, expressed his thoughts:

“The overwhelming response we’ve garnered speaks volumes. It’s a clear reflection of the community's faith in a decentralized model for social media. Our platform isn't merely about reinventing social media; it’s fundamentally about empowering both users and creators in ways previously unseen. This landmark achievement is merely the first chapter in our endeavor to create a more decentralized social ecosystem.”– Nader Al-Naji , Founder of DeSo

Focus’s vision transcends the boundaries of traditional social platforms. 

Focus aspires to transform online interaction by providing unmatched monetization pathways for creators paired with innovative AI tools, all while addressing issues of censorship and the authenticity of content.

Powered by the DeSo blockchain, one of the main draws for users is the chance to reserve $FOCUS tokens. This process mirrors staking yet adds a unique angle—participants can reserve tokens using various currencies like BTC, ETH, SOL, USDC, and DESO. Revolution Proof of Stake system, Focus will support the storage of content directly on-chain for 1/10,000th of a cent per post, which is much less than Solana at $1 per post or Ethereum at $100+ per post.

Focus enables global participation in ownership even before the app officially launches. It’s akin to owning shares of Meta or Twitter prior to their public debut. Moreover, early adopters who reserve $FOCUS tokens during this initial phase not only secure their tokens but also benefit from an impressive bonus of 90%, which decreases by 5% each week leading up to the app's launch. It’s a fantastic incentive designed to reward early supporters of the platform.

The token reservation method is straightforward and fully refundable, allowing participants to support the initiative with peace of mind while retaining financial flexibility. As the app's launch approaches, palpable excitement is building within the community. With its groundbreaking approach to tokenomics, Focus is set to reshape the intersections of social media and cryptocurrency.

To claim a 90% bonus in $FOCUS tokens, interested users should head over to

and ensure their reservations are made before 11:11 am EST on February 8th. The bonus will decrease weekly until the official app release. Focus.xyz DeSo is the pioneering Layer-1 blockchain explicitly designed to accommodate storage-intensive applications and to facilitate the scaling of decentralized social networks for widespread adoption. Their goal is to decentralize social interaction similarly to how Bitcoin and Ethereum revolutionized finance. DeSo has seen considerable uptake and maintains,

About Deso

DeSo DeSo’s ambition is to usher in a new era in the crypto landscape led by innovative consumer applications capable of accommodating billions of users. 2.6M users (wallets) and 93M transactions. With Focus Furthermore, it’s important to clarify that the details provided on this page are not to be viewed as legal, tax, investment, financial, or any other type of advice. Always invest only what you can comfortably afford to lose and consider seeking independent financial counsel if unsure. For additional clarity, we recommend consulting the issuer's terms and conditions as well as their help and support resources. MetaversePost strives for accurate, unbiased reporting; however, market conditions can fluctuate without prior notice.

Contact

Head of Growth
Ed Moss
DeSo Foundation