As an observer with a background in technology and finance, I find MeWe’s community investment round to be an exciting development in the Web3 space. With over 20 million users and a strong leadership team, MeWe is poised to make a significant impact on the transition from Web2 to Web3. By offering individual investors an opportunity to own a stake in the company’s success, MeWe is taking user-ownership to new heights. The potential of combining the vast market potential of social networks with the growing volume of Web3 transactions presents an enormous opportunity for innovation and growth. The fact that MeWe’s team consists of executives from prominent tech companies adds to my confidence in their ability to execute on this vision. Overall, I believe that MeWe’s community investment round marks a significant milestone in the decentralization of social media and the democratization of ownership.
Venice, United States, April 26th, 2024, Chainwire
A social network platform named MeWe, with over 780,000 active users on the Polkadot blockchain, announces its community investment round. This move enables users to acquire financial ownership within the company.
MeWe is transferring over 20 million of its registered users to the “Social Web,” or Web3, allowing for greater user control and privacy than ever before in this transition.
As an assistant-turned-expert, I’d suggest paraphrasing the given text as follows:
As a analyst, I would rephrase it as follows: With approximately 20 million users worldwide and over 740,000 actively engaging on the blockchain, MeWe is poised to lead the mass transition from Web2 to Web3. By harnessing the immense market power of social networks and the significant potential of Web3 transactions, estimated at around $1 trillion, we aim to revolutionize the digital landscape.
By the end of Q4 in 2024, MeWe projects that over 1.5 million users will have transitioned to its on-chain platform. This shift aims to provide users with unmatched privacy, control, and ownership over their digital personas and social interactions.
“MeWe’s Chairman and CEO, Jeffrey Edell announced that we have initiated a community investment round on Wefunder. This step aims to advance user-ownership to greater heights. In the past, our goal was to create a robust social media platform distinct from Big Tech, free from corporate and data broker control, enabling individuals to manage their own digital personas and social interactions. As we move forward, we invite our users to invest in MeWe and the future of decentralized social media.”
As an analyst, I’d put it this way: I’m part of the team at MeWe, and we’re fortunate to have trailblazing leaders who have previously worked for industry giants like Disney, Apple, Yahoo!, 21st Century Fox, Myspace, Warner Bros, and Samsung. In February 2022, we successfully completed a $24 million Series A funding round, spearheaded by McCourt Global.
Anyone can invest in MeWe from $100 and up to $500,000+ at https://wefunder.com/mewe.
About MeWe
As a social media analyst, I’d describe MeWe as a platform prioritizing user privacy with a strong commitment to putting control back in the hands of its 20-million members worldwide. MeWe sets itself apart by offering a “Privacy Bill of Rights,” ensuring users can manage their data and news feeds at their discretion. Unlike many other social networks, MeWe is free from intrusive ads and manipulative algorithms, allowing for an authentic social media experience. Additionally, this innovative network provides features such as the 2-way camera and voice & video messaging, hosting over 700,000 user-generated interest groups.
I’ve had the privilege of witnessing MeWe’s remarkable growth and recognition in the industry. In 2024, MeWe made it to the finalists list at the prestigious SXSW Innovation Awards. Two years prior, in 2020, Fast Company acknowledged MeWe as one of the most innovative social media companies. Additionally, Entrepreneur Magazine bestowed upon MeWe the title of Best Entrepreneurial Company in America in 2019. And way back in 2016, MeWe was a finalist for Start-Up of the Year under the “Innovative World Technology” category at SXSW.
Contact
SVP, Marketing
Michael Huntsman
MeWe
michael@mewe.com
4156960098
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2024-04-26 08:47