Web3 messaging and social platform Beoble has secured a strategic investment from Animoca Brands, a gaming and metaverse-focused venture capital firm.
The investment aims to support beoble’s mission to become a leading global Web3 social platform by leveraging blockchain technology to improve user interaction, privacy and security, the company said in a press release shared with Cryptonews .com.
With this partnership, beoble will have the opportunity to offer its advanced Web3 chat features to select companies and projects within Animoca Brands’ extensive portfolio of Web3 investments.
“We are pleased to receive the support from Animoca Brands as it is a testament to the support of our vision and capabilities,” said Sung Min Cho, CEO of beoble.
“This strategic investment will enable us to scale and grow our platform and enable us to drive greater communication and collaboration opportunities for Animoca Brands’ portfolio companies.”
beoble offers wallet-to-wallet messaging
beoble offers secure and decentralized wallet-to-wallet messaging, token-gated chat rooms and unique earning features.
The funding from Animoca Brands will be used to accelerate the development of the platform and expand its range of features, allowing Beoble to grow its user base globally.
Together, beoble and Animoca Brands will work to bring beoble’s chat features to relevant companies and projects within Animoca Brands’ portfolio, driving greater community engagement and interactivity across the Web3 ecosystem.
“Our investment in beoble reflects our confidence in the team’s and technology’s ability to advance the way people interact digitally,” said Yat Siu, executive chairman and co-founder of Animoca Brands.
“The integration of Beoble’s chat features can foster more vibrant and engaged communities, in line with the vision of a more enriched social experience in an interconnected, interactive Web3 ecosystem.”
Last month, Beoble closed its seed funding roundraising a total of $7 million from a number of major investors including Hashkey, Samsung, DCG, DWF Ventures, Nomura Laser Digital, Cypher Capital and Blockchain Founders Fund.
Web3 social media platforms find momentum
The landscape of Web3 social media platforms is rapidly evolving, offering more decentralized, user-controlled alternatives to traditional social media.
These platforms use blockchain technology, NFTs and cryptocurrency to empower content creators and improve user experiences by providing greater security, flexibility and new revenue streams.
One such platform is Odysee, a decentralized content sharing and publishing platform that rivals YouTube by providing a secure environment for content monetization.
This allows creators to upload content to both YouTube and Odysee simultaneously via a YouTube Sync feature.
Likewise, Nostr is a decentralized network protocol which resembles Twitter’s architecture, but can be customized for different social media experiences.
It supports encrypted direct messaging and allows users to create self-managed accounts and identities.
Nostr has grown significantly and has over 524,000 profiles with attached bio and over 30,000 daily new users as of early February.
Mirror is another well-known Web3 social media platform.
It’s a publishing platform for writers that uses Ethereum to log in, post as NFTs, and create new revenue streams.
Content published on Mirror is permanently stored on the Arweave network