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Hong Kong-based Web3 social platform, beoble, has successfully concluded its seed funding round, securing a total of $7 million from a diverse consortium of investors, including Hashkey, Samsung, DCG, DWF Ventures, Nomura Laser Digital, Cypher Capital, and Blockchain Founders Fund.
beoble Raised $7 Million Seed Funding From Multiple Incestors
Hong Kong based Web3 startup beoble announced, $7 Million seed funding from various investors such as Hashkey, Samsung, DCG, DWF Ventures, Nomura Laser Digital, Cypher Capital, and Blockchain Founders Fund.
This significant funding injection follows their pre-seed announcement by three months.
beoble’s strategic plan involves deploying the raised capital to unveil beoble V2 next month. This updated version promises a host of advanced features, including multi-chain integration, in-app social trading capabilities, an over-the-counter (OTC) trading function, business-to-business (B2B) integrations, and innovative chat-based advertising solutions.
Sung Min Cho, CEO and co-founder of beoble, expressed in a statement to Cryptonews, “Our recent Seed round fuels our vision to revolutionize Web3 communication by empowering everyone to interact securely and authentically. We aim to one day foster a connected world where every individual can engage and interact in a truly Web3 way.”
Demand for decentralized social media alternatives is on the rise. Since its beta launch in December, beoble has experienced rapid growth, boasting 354,000 monthly active users and 600,000 monthly active wallets in January 2024 alone. This surge underscores the platform’s potential to cater to the escalating demand for decentralized social media options, driven by mounting concerns regarding data privacy and user ownership on centralized platforms.
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