What is HOT this week? For me it is SocialFi after Binance feed is upgraded to Binance Square. Many projects are joining the race to create a comprehensive socialFi platform that can thrive during the next bullrun, following the success of Steem in 2017. However, in this post, we will not be discussing Binance Square. Instead, I would like to introduce you to another project called Phaver, which recently raised $7 million in funding from Polygon Ventures, Nomad Capital, Symbolic Capital, dao5, Foresight Ventures, etc.
Phaver launched its "Web2.5" mobile app in May 2022, coinciding with Lens's mainnet rollout. The app offers a user-friendly experience by allowing anyone to sign up using their familiar Web2 login credentials, eliminating the need for complicated crypto wallet coding. It aims to guide users into the world of Web3 through simple steps, enabling them to connect their Lens profile or showcase their NFT collection.
Since its launch, Phaver's app has gained significant traction, with over 250,000 downloads and a vibrant user community. The app sees more than 50,000 posts per day, making it one of the most active applications in the SocialFi space. Show Less
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