Phaver’s New Adventure in Web3
In an electrifying move that has shaken the ground beneath the digital landscape, Phaver has successfully closed a robust $7 million seed funding round. Not only does this place them firmly in the realm of trending tech, but it also opens the gateway to a decentralized social future. Backers including notable giants like Polygon Ventures and Foresight Ventures are joining forces to support this promising venture.
A Community-Focused Funding Approach
One of the most intriguing elements of this funding round was the participation of SwissBorg, which allowed its community members to benefit from this financial boost. This innovative approach led to a community allocation selling out in a jaw-dropping 8 seconds. Talk about a hot ticket!
Phaver’s Journey to the Top
Launching in May 2022 during Lens’ mainnet, Phaver has seen considerable traction, amassing over 250,000 downloads and generating a buzz with more than 50,000 daily posts. This “Web2.5” mobile app acts as a bridge, enabling users unfamiliar with crypto to easily step into the world of Web3 with just a few familiar clicks.
Decentralized Social Media: A Game Changer
Decentralized protocols, particularly through the lens of Lens, are transforming the social media narrative. Users now have the power to create their profiles, store their social graphs, and freely move across platforms without fear of losing their data. Unlike traditional social media, where users are effectively at the mercy of corporate policies, Lens profiles provide ownership and permanence. Imagine never having to hear “Your account has been suspended” again!
Innovative Features and User Engagement
- Gamified Rewards: Phaver incentivizes user interaction, allowing contributions to translate into points redeemable for native tokens. It’s like winning a prize every time you participate!
- Reputation System: With the Phaver Cred system, users can build credibility and earn increasingly attractive perks.
- Community-Driven Ecosystem: By securing a robust community direction, Phaver is redefining user participation in social spaces.
CEO & Investors Share Their Vision
“Web3 is all about user ownership… Phaver’s mission is to connect the entire Web3,” stated CEO Joonatan Lintala, highlighting the importance of maintaining control over digital identities.
This mission is echoed by Sandeep Nailwal of Polygon, who expressed excitement about the journey towards a community-owned internet. Noteworthy indeed, Phaver is positioning itself as a central player in this transformational narrative.
An Eye Towards the Future
Phaver isn’t just moving forward; it’s redefining how users interact with their digital environments. With plans to launch a native token, they aim to tailor their in-app economy, focusing first on crypto enthusiasts before opening the doors wide to the mainstream public. If you haven’t yet joined the Phaver train, what are you waiting for?
