MeWe Launches a Group Make investments Spherical by way of WeFunder

Venice, United States, April twenty sixth, 2024, Chainwire

MeWe a Social Community With greater than 780,000 Lively Customers on the Blockchain Opens Group Funding Spherical to Permit Customers to Personal a Monetary Stake in Firm

By migrating its 20 million+ registered customers to the ‘Social Net,’ aka Web3, MeWe is elevating person management and privateness like by no means earlier than.

MeWe, one of many world’s largest decentralized social networks constructed on Polkadot, has opened a Regulation CF (Reg-CF) neighborhood funding spherical on Wefunder to its neighborhood of over 20 million customers. Via Wefunder, the main platform within the Reg-CF house, particular person buyers can make investments instantly in startup firms. Now, MeWe customers can personal a stake within the firm’s success, beginning at simply $100.

With over 20 million customers throughout 200 nations and territories, and over 740,000 already energetic on the blockchain, MeWe is trying to pioneer the transfer from Web2 to Web3 at scale by combining the large market potential of social networks with the sizable quantity of Web3 transactions – an estimated $1T alternative.

MeWe expects to have greater than 1.5 million customers on-chain by This autumn 2024. The migration is meant to supply customers unprecedented privateness, management, and possession of their digital identities and social experiences.

“We’ve opened a neighborhood funding spherical on Wefunder to take user-ownership to the following stage,” mentioned MeWe Chairman and CEO Jeffrey Edell. “Years in the past, we envisioned a robust various to Large Tech social media, with out the affect of companies or information brokers, the place people might personal and management their very own digital identities and social experiences. As we enter this subsequent chapter, we’re providing our customers a possibility to personal a private stake in the way forward for MeWe and decentralized social media.”

MeWe’s workforce is led by pioneering executives from Disney, Apple (NASDAQ:), Yahoo!, twenty first Century Fox, Myspace, Warner Bros and Samsung (KS:). The corporate beforehand closed a $24 million Sequence A spherical in February 2022 led by McCourt International.

Anybody can put money into MeWe from $100 and as much as $500,000+ at https://wefunder.com/mewe.

About MeWe

MeWe is a social community constructed to place privateness first and dedicated to giving customers extra management over their information and social media expertise. The corporate gives a groundbreaking “Privateness Invoice of Rights” which ensures customers management of their information and information feeds. MeWe permits customers to hitch teams, have interaction their mates, and places them in full management with out advertisements or algorithms. With greater than 20-million customers worldwide, and distinctive options such because the MeWe 2-way digicam and voice & video messaging, MeWe is host to over 700,000 user-driven curiosity teams.

MeWe was shortlisted as a Finalist within the 2024 SXSW Innovation Awards, a 2020 Most Progressive Social Media Firm by Quick Firm and a 2019 Finest Entrepreneurial Firm in America by Entrepreneur Journal. In 2016, MeWe was honored as Begin-Up of the Yr Finalist for “Progressive World Expertise” at SXSW.

ContactSVP, Advertising and marketingMichael Huntsman (NYSE:)MeWemichael@mewe.com4156960098

This text was initially revealed on Chainwire