Street City, British Virgin Islands, February 27, 2024, Chainwire

Friendzone, a sustainable and scalable Web3 platform redefining social finance (SocialFi) on blockchain, has formally launched on the Polygon Proof-of-Stake community. The launch of Social Capital Market is the primary of many vital milestones in Friendzone's mission to develop into the #1 social media dApp within the Web3 {industry}.

Friendzone is a model new decentralized protocol that mixes conventional social media engagement with distinctive monetary rewards enabled by Web3 expertise, paving the best way for the creation of stronger on-line communities. On this approach, Friendzone is greater than only a SocialFi platform. This represents a paradigm shift in not solely recognizing the presence and affect of social media, however rewarding it in tangible and monetizable methods. It guarantees to redefine the social media {industry} as a spot the place each interplay can doubtlessly create worth, permitting content material creators and customers alike to monetize their on-line experiences in a seamless approach. To do.

The launch of Polygon PoS is backed by a big spherical of funding led by angel traders together with Kain Warwick (founding father of Synthetix), Kieran Warwick (founding father of Illuvium), Danny Wilson (CFO of Illuvium), and Thomas Aslanian (product and token lead). This coincided with the closing of the procurement spherical. of Immutable), Anton Buenavista (Pendle Finance founding crew), Jackson Chan (PHD Capital co-founder), and lots of different superb angels with expertise at Synthetix, Pendle Finance, Bybit, Metastreet Labs, and Renzo Protocol. Along with this spherical, which brings Friendzone's complete funding to over $750,000, the startup has added to the aforementioned traders, in addition to TN Lee (co-founder of Pendle Finance) and John Park (associate at Sparklabs), to its rising advisory board. I’m happy to welcome you to the committee. .

Take SocialFi to the following degree

Though Friendzone competes within the more and more crowded SocialFi house, its platform differentiates itself from others by refined incentives and protocol design. Friendzone has a novel deal with overcoming the scalability and liquidity challenges which have hindered the expansion of first-generation SocialFi platforms, and is about to develop into the primary protocol of its sort to go mainstream. Masu.

Friendzone has designed the protocol's economics round an adaptive bonding curve that takes under consideration real-time market suggestions and supplies steady entry to each small and enormous networks to make sure that token valuations are at all times truthful. I assure you there’s. Via this mechanism, we foster sustained engagement and community development with out being constrained by the accessibility and liquidity bottlenecks which have hampered various SocialFi protocols.

Friendzone makes use of customized creator controls to empower anybody to develop into a creator who can customise their social media exercise and create custom-made companies from public occasions to non-public teams. There, you possibly can set phrases and costs that higher replicate the worth you present. Along with shopping for and promoting “Creator Chips,” Friendzone has constructed into its tokenomics mannequin a staking function that takes under consideration each the quantity and length of a consumer’s stake. It’s impressed by his veCRV mannequin at Curve, and goals to extra equitably distribute every creator's income, permitting the community's customers to actively assist every creator's success with a share of the rewards. Encourage them to contribute.

Via these novel improvements, Friendzone transcends the emotional incentives of conventional social media networks by integrating highly effective monetary incentives solely doable with cryptocurrencies, amplifying their community results and rising consumer engagement. We’re dedicated to strengthening our platform and pretty rewarding participation in our platform and all built-in decentralized functions that presently exist.

gradual rollout

Friendzone has generated vital curiosity even earlier than its launch on Polygon PoS, with over 5,000 whitelisted customers. To make sure stability in the course of the incentivized beta rollout, the protocol limits the variety of customers who can entry the community in increments of 1000 customers. The plan is to progressively deliver extra customers on board because the mission proves its worth and evolves from the beta stage. It is going to be intently monitored for bugs and improved to supply one of the best consumer expertise.

The primary 1000 customers chosen to hitch at launch will be capable to entry X, previously often called Twitter, and get their very own Friendzone deal with. This deal with would be the similar because the X deal with.

Additionally in the course of the preliminary launch interval, Friendzone will combine a brand new factors system into the protocol, permitting early adopters who beta take a look at the product to begin accumulating factors and rising their rewards and popularity on the platform. Masu.

“We’re extraordinarily proud to have launched Friendzone with the assist of the Polygon ecosystem. It is a collaboration that marks an necessary milestone in our journey. The good scalability of the Polygon PoS community , pace, and safety present the proper basis for Friendzone, permitting us to redefine social media engagement and monetization within the Web3 house. The dedication to innovation and success of initiatives constructed on Polygon PoS is unparalleled. This strategic relationship is a testomony to our shared imaginative and prescient of empowering customers and creators in a disruptive, decentralized digital economic system.'' Kevin Lu, CEO and Co-Founding father of Friendzone says:

Friendzone is worked up to take our collaboration with the Polygon ecosystem to the following degree, leveraging its sturdy ecosystem and leveraging its experience to discover new use circumstances and speed up innovation within the SocialFi house. Masu. Aiming to deliver extra worth to customers within the nascent decentralized social media {industry}, Friendzone is able to unleash new dynamics and discover uncharted territory in PoS.

The Polygon ecosystem has already distinguished itself within the blockchain house with its sturdy innovation spirit and quite a few unparalleled strategic model collaborations, making it a super touchdown spot for Friendzone. The combination of this protocol with Polygon Networks permits you to future-proof your plans to leverage modern zkEVM-based Layer 2 architectures to speed up development as you broaden your community and broaden your consumer base. Useful. The Polygon Community is dwelling to groundbreaking dApps and communities from the blockchain world's most dynamic and various ecosystem, offering additional alternatives for collaboration, innovation, and bringing SocialFi mainstream.

“Friendzone is the primary of its sort within the SocialFi house, pioneering a brand new period of social media that rewards actual and beneficial engagement. , we’re proud to work intently with their groups to attain mutual targets. Our modern strategy to integrating social interplay and worth incentives units a brand new commonplace within the {industry}. This collaboration underscores Polygon's dedication to supporting ground-breaking initiatives that push the boundaries of what's doable in Web3 and past.'' mentioned SungMo Park, Head of BD APAC, Polygon Labs. He mentioned:

At present’s launch and funding spherical is the primary of many milestones to return for Friendzone, offering a really interoperable basis that gives a scalable basis to assist an on-chain social graph monetization layer. Lay the inspiration of the protocol.

Concerning the good friend zone

Friendzone is the premier social Web3 platform that introduces real-time adaptive pricing and native reward distribution to make sure a good and dynamic change of worth in alignment with creator popularity and group assist. The platform is the primary to encourage sustained engagement, giving creators intensive management over the monetization of their content material, and fostering a strong and inclusive digital round economic system at scale. Friendzone is supported by a devoted crew of core contributors and advisors from industry-leading firms akin to Synthetix, Band Protocol, Koinly, Immutable, Pendle Finance, Cyball, and Sparklabs.

Be part of the brand new social Web3 period and keep up to date on all bulletins at friendszone.professional. twitter And Discord.

contact

Dashi Kaplan
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