SoMon Becomes the Fastest Growing Web3 Social App with 300,000 Transactions in Two Weeks

Featured in:
abcd

Hong Kong, Hong Kong, July 21, 2024, Chainwire

SoMon, a decentralized Web3 forum that aims to create a space for user-owned content and connections, recently launched its app on Base and has already seen over 300,000 blockchain transactions in the 14 days since launch, making it the most busy and fastest growing social app in the Web3 space.

sadasda

SoMon, low for Social Monster, allows users to monetize and create communities (Tribes) around their favorite topics, passions, creators, and fandoms. It is the first app based on the OpenSocial protocol, a composability infrastructure layer for building social apps, and the first Web3 social app that is truly gasless, allowing it to lower the barrier to entry and include users outside the cryptocurrency community.

After the launch of the mobile app on June 19, 2024, about a month ago, it has amassed over 30,000 on-chain registrations in just two weeks. The community is currently growing rapidly, with over 2 million social interactions among over 300 different tribes (communities) and over 80,000 users.

“Crypto is all about community, but instead of creating communities for users, we want communities to be created by users. SoMon is a user-created space where people can connect with each other while taking control and benefiting from their own social achievements,” he said. Sean Tao, CEO and Co-Founder of SoMon.

SoMon users began creating their own tribes using various tools and NFT-based distributed ownership after the modern feature was released on July 17, 2024. Users create content, and the platform is monetized through a tool called “Megaphone,” through which users can pay for promotional exposure, and revenue is redistributed to tribe owners and stakeholders.

SoMon is currently in its first season, which ends on July 31, 2024. In this season, users compete for points through interactions and earn badges by climbing up different leagues. At the end of the season, SoMon will officially launch its community token, $OwO, which will be distributed to the community at the end of the first season, with the first airdrop releasing 3% of the total supply on August 1, 2024 and 1% of the total supply for subsequent seasons.

In the upcoming seasons, SoMon will focus on activating the social economy through the Tribe Summer campaign, where users can create and engage with their own bot-free community.

About SoMon

Social Monster (SoMon) is an open, topic-based Web3 social application forum powered by the OpenSocial protocol. It serves as a space where users can create lively and engaging communities (tribes) around their passions and fandoms. SoMon ensures that tribes, content, and social connections are entirely owned by users.

contactPublic Relations ManagerKelvin Yeo Jun HaoEverest Ventures Groupkelvin.yeo@evg.co

This article was originally published on Chainwire

abcd
sadasda

Find us on

Latest articles

Related articles

See more articles

A Chinese microchip company says it now accepts Bitcoin...

Shares of Chinese cryptocurrency mining chip designer Nano Labs rose slightly after announcing that it now accepts...

Dogecoin up to $23? This pattern may suggest so

The analyst pointed out the historical pattern of Dogecoin, which may suggest that DOGE can expect increases...

Bitcoin hits all-time high as Trump’s election stirs cryptocurrency...

Samuel Indyk and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) - Bitcoin rose to a record high above...

Investors Believe Crypto Markets Will Peak in H2 2025:...

Investors expect the cryptocurrency's growth to continue in 2025 and peak in the second half of the...

Bitcoin Price Signals Bullish Continuation as SuperTrend Rise, Here’s...

This article is also available in Spanish. Bitcoin's price trajectory since the beginning of November has been nothing...

Polymer introduces real-time interoperability for Ethereum bulkpacks

New York, New York, November 11, 2024, Chainwire Polymer Labs has officially launched Polymer Hub, a real-time...