Friendzone, the sustainable and scalable Web 3.0 platform redefining SocialFi (social finance) on the blockchain, has officially launched on the Polygon PoS (proof-of-stake) network.
The launch of the social capital marketplace is the first of many key milestones for Friendzone in its mission to become the number-one social media DApp in the Web 3.0 industry.
Friendzone is an entirely novel decentralized protocol that marries the engagement of traditional social media with the unique financial rewards enabled by Web 3.0 technology, paving the way for the creation of more empowering online communities.
In this way, Friendzone is much more than just another SocialFi platform.
It represents a paradigm shift that not only recognizes social media presence and influence but rewards it in tangible and monetizable ways.
It promises to redefine the social media industry as a place where every interaction can potentially generate value, empowering content creators and users alike to monetize their online experiences in a seamless way.
The launch on Polygon PoS coincides with the closure of a significant funding round led by angel investors including Kain Warwick, founder of Synthetix, Kieran Warwick, founder of Illuvium, Danny Wilson, CFO of Illuvium, Thomas Aslanian, product and token lead of Immutable, Anton Buenavista, founding team Pendle Finance, Jackson Chan, co-founder of PHD Capital and many other incredible angels with experience at Synthetix, Pendle Finance, Bybit, Metastreet Labs and Renzo Protocol.
Alongside the round which brings Friendzone’s total amount raised to more than $750,000 the startup is pleased to welcome the aforementioned investors, plus TN Lee, co-founder of Pendle Finance and John Park, partner at Sparklabs to its growing advisory board.
Lifting SocialFi to the next level
Although Friendzone is competing in an increasingly crowded SocialFi space, its platform is differentiated from others through its nuanced incentive and protocol design.
Friendzone is uniquely focused on overcoming the scalability and liquidity challenges that have hampered the growth of first-generation SocialFi platforms, setting it up to become the first protocol of its kind to go mainstream.
Friendzone has designed its protocol economics around an adaptive bonding curve that takes into account market feedback in real-time, ensuring that its token valuation is always fair, with…
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