Glossy raised $5 million in seed funding for its Web3 social networking platform.
The corporate mentioned it’s positioning itself to catalyze the possession financial system and usher in blockchain-powered social media accessible to all.
Launched formally in April 2023, Glossy envisions reworking human connections by simplifying networking, infusing enjoyable, and fostering productiveness. The platform affords a complete house the place customers can seamlessly change info, onboard new connections, and have interaction in incentivized networking by way of progressive Web3 Social Finance (SocialFi) enterprise fashions.
This marks a shift the place customers can instantly monetize their content material and social capital, rising as a brand new breed of creators.
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On the forefront of Glossy’s choices is its first product, Glossy Card, tailor-made to empower Web3 professionals in in-person networking. Every Glossy Card creates a blockchain pockets and a decentralized id for customers, effectively onboarding people into the Web3 house.
Leveraging NFC know-how and a proprietary messaging bot, Glossy Card allows customers to seize information and handle contacts, leading to highly effective on-chain social graphs.
Up to now, Glossy Card has facilitated over 300,000 connections, solidifying its standing as a number one participant within the Web3 panorama. It has additionally solid strategic partnerships with notable entities like Solana Hacker Homes, Coinfest, Digital Artwork Truthful, and NFTNow, bringing progressive occasion experiences to life.
Tania Tse, cofounder of Glossy, mentioned in a press release, “We’re launching monetization fashions in our platform which might be solely potential by way of the blockchain, so gifted creators from varied verticals who don’t have a full group supporting them can earn sustainably.”
Chase Guo, cofounder, added in a press release, “Leveraging our personal experiences and classes discovered, we’re constructing purposes alongside our customers to energy the way forward for Web3 social.”
Within the first half of 2024, Glossy is ready to unveil an open market empowering area specialists to change into creators by tokenizing their data into liquid and accessible belongings. This transfer aligns with Glossy’s imaginative and prescient for a extra equitable, user-centric, and clear digital social panorama.
The roster of traders backing Glossy consists of outstanding names comparable to Shima Capital, Spartan Group, Symbolic Capital, Genblock Capital, Huge Mind Holdings, Market Throughout, Emirates Consortium, Arkstream, Perridon, GBV, and a number of other angel traders. Binance Labs, the enterprise capital arm of Binance, invested in Glossy by way of the Binance Labs Incubation Program in 2022.
Glossy is a Hong Kong-based Web3 social networking platform dedicated to revolutionizing genuine human connection within the digital age. The platform, comprising Glossy Card and a data market launching within the first half of 2024, serves as an id platform for seamless in-person networking. Since its founding in February 2023, Glossy has witnessed outstanding 10-fold progress.
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