Web3 social instant messaging platform secures $2 million in funding, dedicated to secure Decentralization communication

A new platform focused on Web3 instant messaging and social networking recently announced that it will launch a testing version available only to invited users on December 2nd of this year. The platform employs advanced end-to-end encryption technology to enable seamless communication between wallets, providing users with a secure and Decentralization experience.

The company recently completed a $2 million pre-seed funding round, led by several well-known investment institutions. This funding will be used to enhance user experience and improve platform features, demonstrating investors' confidence in the company's vision and technology.

The company's CEO stated: "The release of the beta version is an important step for us to provide a secure, reliable, community-owned communication platform for the Web3 community. With the support of new funding, we are not just launching a product, but creating a new era of participation in Web3, even setting a new standard for Web2 chat platforms. We will focus on collecting user feedback and continuously improving the platform to meet user needs and our future vision."

In recent years, Web2 platforms have faced numerous challenges. Centralized control and ad-driven models often undermine user privacy, and the lack of robust authentication systems has led to a proliferation of impersonation, weakening trust among users. These platforms are also vulnerable to data breaches and censorship, lacking transparency in data practices and encryption methods. In the first half of 2023, the amount of fraud reached as high as $334 million, a significant portion of which originated from traditional Web2 social platforms, highlighting the urgency of security and transparency issues.

This new platform utilizes blockchain technology to directly associate wallets with users, enhancing trust and security, allowing users to communicate with confidence. Its unique communication delivery diagram (CDG) promotes Decentralization and user data control, in stark contrast to the vulnerabilities of Web2 platforms. The innovative "follow" feature not only simplifies the contact list but also provides a unique way to track and discuss wallet activities, playing a key role in verifying user identities.

The platform allows users to earn points through interaction, accumulating shares in the chat room based on positive contributions. The higher the participation, the more shares in the chat room, ensuring that income (including entry fees) is fairly distributed among members. Points can be redeemed for future airdrops, access to premium features, or donated to other users to foster community awareness. The "Discover" feature connects users to relevant communities through wallet analysis, ensuring users are aware of their communication partners.

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