Solcial, A Web 3 Decentralized Social Media Platform Built On Solana Blockchain.

Views: 148
Share this:
49 s

The Solana ecosystem is getting a social network. Solcial has raised $2.9 million to expand in a round led by Alameda Research with Solana Foundation, Rarestone Capital, GBV, Shift Capital and Noia Capital participating.

Thank you for reading this post, don't forget to subscribe!

Join Telegram Group

According to CoinDesk, around 5% of Solcial’s planned SLC tokens are earmarked for seed funders, according to pseudonymous founder “Idris,” for a valuation of about $58 million.

The platform, which has not yet launched, plans to build a hub for sharing content, following the news and even trading assets, in a censorship-free environment. It’s hardly the only crypto stab at hands-off social media (BitClout is perhaps best-known) though one of the first on Solana.

“It has to be very cheap, and very fast to post a comment or a photo,” Idris said in a Telegram chat. “People have high expectations (in terms of user experience) with centralized social networks, and we have to have a decentralized solution that could match.”


Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /home/diutocoi/public_html/wp-includes/functions.php on line 5279

Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /home/diutocoi/public_html/wp-includes/functions.php on line 5279