Three Friends Start Web3 Social Network DSCVR As Experiment to Build New Social Media Model; Raises $9M in Seed Round Led By Polychain Capital
Summary
"With our exponential growth in users, this raise will help us accelerate our roadmap and make Web3 accessible to anyone who knows how to use social media. "Some new features will include gifting non-fungible tokens (NFTs) to posts and comments; integrations with other token and NFT ecosystems; a Discord bot that will enable gated content by NFT ownership; the ability for other projects to use DSCVRs gating technology; governance tools like mod elections; enabling DSCVRs communities to become decentralized autonomous organizations (DAOs); and more ways to interact with NFTs and fungible tokens in a social context. "When it comes to the state of social media, its clear people are seeking a new option," said Olaf Carlson-Wee, Polychain Capital Founder and CEO. "DSCVR is pushing the boundaries of what is possible by creating a native Web3 social solution with unique functionality. Upfronts Mark Suster commented, "The team at DSCVR truly understood how to build and develop social media communities and how to scale a Web3 platform.