Web3 communication platform launches new beta version, receives $2 million in funding support

An innovative platform focused on Web3 instant messaging and social networking has recently announced that it will launch a beta version limited to invited users in early December. This platform utilizes advanced end-to-end encryption technology, enabling direct communication between wallets and providing users with a secure and decentralized experience.

The company recently completed an early funding round of $2 million, with participation from several well-known investment institutions. This funding will be used to enhance user experience and improve platform functionalities. The company's CEO stated that the launch of the beta version is an important step in giving back to the Web3 community; they are not just launching a product but are pioneering a new era of Web3 participation and even setting new standards for Web2 chat platforms.

In recent years, traditional Web2 platforms have faced numerous challenges. The centralized control and advertising-driven model often harms user privacy, while the inadequacies of authentication systems lead to rampant identity impersonation, undermining trust between users. Additionally, these platforms are also vulnerable to data breaches and censorship, lacking transparency in data practices and encryption methods. According to statistics, the fraud amount caused by related issues reached as high as $334 million in the first half of 2023, highlighting the serious deficiencies in transparency and security of current social media platforms.

This emerging Web3 platform directly associates user wallets with identities through blockchain technology, greatly enhancing the trust and security of communication. The platform's unique Communication Delivery Graph (DG) promotes decentralization and user data control, significantly superior to traditional Web2 platforms. Its innovative "Follow" feature not only simplifies contact management but also provides a new way to track and discuss wallet activities, playing a key role in verifying user identities.

In addition, the platform has introduced a points reward mechanism, allowing users to earn points through interactions and gain shares in the chat room based on their contributions. The higher the participation, the more shares are obtained, ensuring that the income generated by the chat room (including entrance fees) can be fairly distributed among members. These points can be redeemed for future airdrops, access to premium features, or donated to other users to promote community development. The platform's "Discovery" feature further enhances networking connections in the Web3 space, helping users find relevant communities through wallet analysis and ensuring that users are always aware of the background of their communication partners.

This emerging Web3 messaging and social platform is dedicated to providing secure, decentralized wallet-to-wallet communication services for the Web3 community. It emphasizes user privacy, security, and engagement, serving as a community-owned platform that rewards active participation and contributions, redefining the way users connect and interact in the digital age.