Finance
MeWe Launches a Community Invest Round via WeFunder
Global Banking & Finance Review®
Company
Venice, United States, April 26th, 2024, Chainwire
MeWe a Social Network With more than 780,000 Active Users on the Polkadot Blockchain Opens Community Investment Round to Allow Users to Own a Financial Stake in Company
By migrating its 20 million+ registered users to the ‘Social Web,’ aka Web3, MeWe is elevating user control and privacy like never before.
MeWe, one of the world’s largest decentralized social networks built on Polkadot, has opened a Regulation CF (Reg-CF) community investment round on Wefunder to its community of over 20 million users. Through Wefunder, the leading platform in the Reg-CF space, individual investors can invest directly in startup companies. Now, MeWe users can own a stake in the company’s success, starting at just $100.
With over 20 million users across 200 countries and territories, and over 740,000 already active on the blockchain, MeWe is looking to pioneer the move from Web2 to Web3 at scale by combining the tremendous market potential of social networks with the sizable volume of Web3 transactions – an estimated $1T opportunity.
MeWe expects to have more than 1.5 million users on-chain by Q4 2024. The migration is intended to offer users unprecedented privacy, control, and ownership of their digital identities and social experiences.
“We’ve opened a community investment round on Wefunder to take user-ownership to the next level,” said MeWe Chairman and CEO Jeffrey Edell. “Years ago, we envisioned a powerful alternative to Big Tech social media, without the influence of corporations or data brokers, where individuals could own and control their own digital identities and social experiences. As we enter this next chapter, we’re offering our users an opportunity to own a personal stake in the future of MeWe and decentralized social media.”
MeWe’s team is led by pioneering executives from Disney, Apple, Yahoo!, 21st Century Fox, Myspace, Warner Bros and Samsung. The company previously closed a $24 million Series A round in February 2022 led by McCourt Global.
Anyone can invest in MeWe from $100 and up to $500,000+ at https://wefunder.com/mewe.
About MeWe
MeWe is a social network built to put privacy first and committed to giving users more control over their data and social media experience. The company offers a groundbreaking “Privacy Bill of Rights” which guarantees users control of their data and news feeds. MeWe allows users to join groups, engage their friends, and puts them in complete control without ads or algorithms. With more than 20-million users worldwide, and unique features such as the MeWe 2-way camera and voice & video messaging, MeWe is host to over 700,000 user-driven interest groups.
MeWe was shortlisted as a Finalist in the 2024 SXSW Innovation Awards, a 2020 Most Innovative Social Media Company by Fast Company and a 2019 Best Entrepreneurial Company in America by Entrepreneur Magazine. In 2016, MeWe was honored as Start-Up of the Year Finalist for “Innovative World Technology” at SXSW.
SVP, Marketing
Michael Huntsman
MeWe
michael@mewe.com
4156960098
A crypto wallet is a digital tool that allows users to store, send, and receive cryptocurrencies. It can be hardware-based or software-based, providing varying levels of security.
Community investment refers to the practice of allowing individuals to invest in local businesses or initiatives, often providing them with a stake in the success of those ventures.
Regulation CF (Regulation Crowdfunding) is a regulation that allows companies to raise capital from the public through crowdfunding, enabling non-accredited investors to participate in investment opportunities.
Decentralized social media refers to platforms that operate on a blockchain or peer-to-peer network, giving users more control over their data and privacy compared to traditional social media.
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