Tag: SocialFi
Social Media Engagement Approaches Record Lows
Social-Fi has become a favorite story among cryptocurrency fans since Friendtech’s launch last year. They believe a Web3-native social media software will take on established players like Twitter. But over…
$150 million web3 social media platform Farcaster is raised by Paradigm
The Farcaster team, lead by Paradigm, raised $150 million in investment for their web3 social media platform. Participating in the financing were A16z Crypto, Haun Ventures, USV, Variant, Standard Crypto,…
After V2 Rollout, Friend Tech Experiences a Resurgent Activity
Since the feature launched on May 3 along with Friend Tech’s v2 iteration, over 79,500 people have created 137,157 clubs, according to data from Dune Analytics. Club keys have already…
The IT division of ByteDance, the owner of TikTok, is working with Sui builders on web3 gaming and SocialFi
The foundation for the project announced in a blog post on Wednesday morning that BytePlus, the enterprise technology services arm of TikTok owner ByteDance, is collaborating with Mysten Labs to…
The SocialFi application Tomo intends to restructure points and earns $3.5 million in preliminary funding
The $3.5 million seed investment round for the socialFi app Tomo has completed, lead by Polychain Capital. Symbolic Capital, Consensys, OKX Ventures, Nomad Capital, Story Protocol, dao5, KuCoin Ventures, and…