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

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.”

Leave a Reply

Previous post Central Bank Completes The Linking Of SAND Dollar CBDC To Automated Clearing House (ACH).
Next post Nifty Gateway NFT Marketplace Place Is On Latest Samsung Premium TVs.
Follow us on Social Media