Hong Kong, Hong Kong, July 21, 2024, Chainwire

SoMon, a decentralized Web3 discussion board with a imaginative and prescient to create an area for user-owned content material and connection, just lately launched its app on Base and has already garnered over 300,000 on-chain transactions within the 14 days since its launch, making it probably the most lively and fastest-growing social app within the Web3 house.

SoMon (brief for Social Monster) permits customers to create and monetize communities (Tribes) round their favourite matters, passions, creators, and fandoms. It’s the first app constructed on the OpenSocial protocol, a composable infrastructure layer for constructing social functions, and the primary Web3 social app that’s actually gasless, reducing the barrier to entry and onboarding customers past the crypto group.

Since launching the cell app a few month in the past on June 19, 2024, now we have gained over 30,000 on-chain registrations in simply two weeks. Presently, the group is rising quickly, with over 2 million social engagements between over 300 completely different tribes (communities) and over 80,000 customers.

“Cryptocurrency is all about group, however we would like the group to be constructed by the customers, not for the customers. SoMon is a user-curated house the place individuals can take management whereas connecting with one another and profit from their very own social outcomes on the identical time,” he stated. Shawn Tao, CEO and co-founder of SoMon;

SoMon customers started minting their very own tribes utilizing varied instruments and decentralization of possession leveraging NFT know-how after the brand new characteristic was launched on July 17, 2024. Customers create content material and the platform monetizes it by a device known as “Megaphone,” which permits customers to pay for visibility of promotions and redistributes income to tribe homeowners and stakeholders.

SoMon is presently in its first season, which is able to finish on July 31, 2024. On this season, customers will compete to earn badges by incomes factors by interactions and progressing by completely different leagues. On the finish of the season, SoMon will formally launch its group token, $OwO, which shall be airdropped to the group on the finish of the primary season, with 3% of the overall provide launched on August 1, 2024 within the first airdrop, and 1% of the overall provide launched in subsequent seasons.

Within the upcoming season, SoMon is targeted on revitalizing the group financial system by its Tribe Summer time marketing campaign, empowering customers to create and take part in bot-free communities.

About SoMon

Social Monster (SoMon) is an open subject based mostly Web3 social app discussion board powered by the OpenSocial protocol. It serves as an area the place customers can create vibrant and interesting communities (Tribes) round their passions and fandoms. SoMon ensures that Tribes, content material and social connections are totally owned by customers.

contactPublic Relations SupervisorKelvin Yeo JunhaoEverest Enterprise GroupKelvin [email protected]

This text was first revealed on Chainwire