MeWe launches community investment round through WeFunder

adminApril 26, 2024

April 26, 2024, Venice, USA, Chainwire

MeWe, a social network with over 780,000 active users on the Polkadot blockchain, is launching a community investment round that will allow users to own a financial stake in the company.

By migrating over 20 million registered users to the ‘social web’ (aka Web3), MeWe is increasing user control and privacy like never before.

MeWe, one of the world’s largest decentralized social networks built on Polkadot, has opened its Regulation CF (Reg-CF) community investment round on Wefunder, targeting a community of over 20 million users. Wefunder, the leading platform in Reg-CF, allows individual investors to invest directly in startup companies. MeWe users can now own a stake in the company’s success starting from just $100.

With over 20 million users across 200 countries and regions, and over 740,000 already active on the blockchain, MeWe is pioneering the transition from Web2 to Web3 at scale, combining the enormous market potential of social networks with the significant volume of Web3 transactions. I’m going to do it. An estimated $1 trillion opportunity.

MeWe expects to have over 1.5 million on-chain users by the fourth quarter of 2024. This migration is intended to give users unprecedented privacy, control, and ownership of their digital identities and social experiences.

“We opened a community investment round on Wefunder to take user ownership to the next level,” said Jeffrey Edell, MeWe Chairman and CEO. “Several years ago, we envisioned a powerful alternative to big tech social media where individuals would own and control their digital identities and social experiences without the influence of corporations or data brokers. As we enter our next chapter, we are giving our users the opportunity to own a personal stake in MeWe and the future of 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 up to $500,000+ at https://wefunder.com/mewe.

about me

MeWe is a social network built to prioritize privacy and give users more control over their data and social media experiences. The company offers a groundbreaking “Privacy Bill of Rights” that guarantees users control over their data and news feeds. MeWe allows users to join groups, communicate with friends, and have complete control without ads or algorithms. With over 20 million users worldwide and unique features such as MeWe two-way cameras and voice and video messaging, MeWe hosts user-driven interest groups of over 700,000 people.

MeWe was a finalist for the 2024 SXSW Innovation Awards, named the Most Innovative Social Media Company of 2020 by Fast Company and America’s Best Entrepreneurial Company of 2019 by Entrepreneur Magazine. In 2016, MeWe was selected as a finalist for Startup of the Year in the “Innovative World Technology” category at SXSW.