Animoca Brands Invests in Beoble to Help Expand its Web3 Social Platform

In a significant move within the rapidly evolving landscape of Web3 technologies, Animoca Brands has announced a strategic investment in Beoble. Beoble is a rising star in the realm of decentralized social media platforms. This partnership signals a new chapter in the development of socialFi, where decentralized social networks are gaining momentum as alternatives to traditional centralized platforms.

beoble@animocabrands

beoble has secured a strategic investment from Animoca Brands and is officially backed by @ysiu.

Animoca has also become beoble's official partner for beoble 2.0 release, focusing on integrating beoble's chat across its extensive portfolio.

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— beoble (@beoble_official) March 7, 2024

Partnership Animoca Brands and Future Growth Plans

Beoble has secured an undisclosed strategic investment from Animoca Brands, a leading entity in the realm of digital property rights for gaming and the open metaverse. This investment aims to enhance Beoble’s capabilities and accelerate its global user expansion efforts.

The core features of Beoble’s Web3 social platform include secure and decentralized wallet-to-wallet messaging, token-gated chatrooms, and unique earn features. With the infusion of funds from Animoca Brands, Beoble plans to expedite the development of its platform and introduce new features.

Collaborating closely with Animoca Brands, Beoble intends to extend its chat features to relevant entities within Animoca Brands’ extensive portfolio. This strategic partnership aims to enrich community engagement and interactivity across the Web3 ecosystem.

Sung Min Cho, Founder and CEO of Beoble, emphasized the platform’s vision for the future. Beoble recently raised $7 million in seed funding from various investors, including Hashkey, Samsung, and DCG. Since its beta launch in December, Beoble has garnered a solid user base, with 354,000 monthly active users.

Beoble’s Vision for Web3

Yat Siu, Executive Chairman and Co-founder of Animoca Brands, expressed confidence in Beoble’s potential to drive advancements in digital interaction. The rise of socialFi comes at a time when decentralized social media applications are gaining traction as viable alternatives to centralized platforms. Unlike traditional Web2 platforms, which often face criticism for limiting user freedoms, Web3 platforms like Beoble introduce innovative financial streams for users.

Beoble aims to establish a fully decentralized messaging protocol, focusing on B2B interactions rather than solely operating as an app. The ultimate goal is to become a universal Web3 chat layer, enabling seamless communication between decentralized applications.

With Animoca Brands’ strategic investment, Beoble is poised to redefine social interaction within the Web3 landscape, offering users a decentralized and enriched social experience unlike anything seen before.