SoMon Sets a New Benchmark as the Fastest-Growing Web3 Social Application after Achieving 300,000 Transactions in 14 Days

Hong Kong, July 21st, 2024, Chainwire

SoMon SoMon, a decentralized platform aimed at fostering user-owned content and connections, has officially launched its app on the Base infrastructure and has impressively recorded over 300,000 transaction activities within two weeks of going live. This achievement places it as the most dynamic and swiftly developing social app in the Web3 environment.

Shortened as SoMon for Social Monster, this innovative app empowers its users to generate revenue and form communities (known as Tribes) centered around their interests, creators, and passions. Notably, SoMon stands out as the first application that operates on a composable infrastructure designed explicitly for social connections, marking it as a truly gasless Web3 social app that democratizes access beyond the traditional crypto enthusiasts. OpenSocial Protocol Launched on June 19, 2024, SoMon's mobile application quickly attracted over 30,000 registered users within its initial two weeks. Now, as the user base expands rapidly, the platform has seen over 2 million interactions across more than 300 distinct Tribes (community groups) and boasts over 80,000 engaged users.

Sean Tao, CEO and Co-Founder of SoMon, remarked, \"Crypto thrives on community, but our approach is different; we empower users to build these communities themselves. SoMon creates a user-curated environment where individuals can connect and simultaneously reap the rewards of their own social successes.\"

After releasing a new feature on July 17, 2024, SoMon users eagerly began minting their unique Tribes using various tools and fragmented ownership through NFT technology. Users can create engaging content while monetization occurs via a feature called ‘Megaphone’, which enables users to sponsor their visibility. The proceeds from these promotions are then distributed to Tribe owners and stakeholders.

Currently, SoMon is in its inaugural season, concluding on July 31, 2024. Throughout this season, participants vie to accumulate points through their interactions and earn badges as they advance to various leagues. At the end of this season, SoMon plans to launch its community token, , which will be airdropped to community members after the first season ends. The initial distribution will release 3% of the total supply on August 1, 2024, followed by 1% for future seasons.

Looking forward, SoMon aims to stimulate its community economy with the Tribe Summer initiative, encouraging users to engage more actively and collaboratively, free from bots. $OwO (SoMon) serves as a dynamic forum for Web3 social interaction, leveraging a topic-based approach powered by . It offers a platform for users to establish and nurture lively communities (Tribes) centered around their interests and fandoms, ensuring complete ownership of Tribes, content, and social links by its members.

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