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Cryptocurrency News Articles

SoMon Becomes Fastest-Growing Web3 Social App with 300,000 Transactions in Two Weeks

Jul 22, 2024 at 11:41 am

SoMon, a decentralized Web3 forum with a vision to create a space for user-owned content and connections, recently launched its app on Base and has already gained more than 300,000 on-chain transactions in 14 days since its launch, making it the most active and fastest-growing social app in the Web3 space.

SoMon Becomes Fastest-Growing Web3 Social App with 300,000 Transactions in Two Weeks

Web3 forum SoMon has achieved a remarkable milestone with its app launch on Base, recording an impressive 300,000 on-chain transactions inわずか 14 日間. This achievement positions SoMon as the fastest-growing and most active social app in the Web3 space.

Designed to foster user-owned content and connections, SoMon (short for Social Monster) enables users to create communities (Tribes) around their favorite topics, passions, creators, and fandoms, and to monetize these communities. SoMon is the first app built on OpenSocial Protocol, a composable infrastructure layer for building social applications, and is also the first Web3 social app that is truly gasless,降低 entry barrier and enabling user onboarding beyond the crypto community.

Having launched its mobile app on June 19, 2024, SoMon has achieved over 30,000 on-chain registrations in just two weeks. The community is now rapidly expanding with over 2 million social engagements across 300+ different Tribes and their 80,000+ users.

“Crypto is all about community, but instead of creating communities for users, we want communities to be built by users. SoMon is a user-curated space where people can connect with each other, while taking charge and reaping the benefits of their own social achievements,” said Sean Tao, CEO & Co-Founder of SoMon.

Following the release of the new feature on July 17, 2024, SoMon users began minting their own Tribes with various tools and fragmented ownership powered by NFT technology. Content is created by users, and the platform is monetized through a tool called ‘Megaphone’, which enables users to pay for promotional visibility, with the revenue being redistributed to Tribe owners and stakeholders.

SoMon is currently in its first season, which will end on July 31, 2024. During this season, users compete to earn badges by climbing to different leagues and gaining points through interactions. At the conclusion of the first season, SoMon will officially launch its community token, $OwO, which will be airdropped to the community. The first airdrop will release 3% of the total supply on August 1, 2024, followed by 1% of the total supply for each subsequent season.

With a focus on activating the community economy, upcoming seasons will see SoMon introduce a Tribe Summer campaign for users to create and engage with their bot-free community.

About SoMon

Social Monster (SoMon) is an open topic-based Web3 social app forum powered by OpenSocial Protocol. It serves as a space where users can create vibrant and engaging communities (Tribes) centered around their passions and fandoms. SoMon ensures that Tribes, content, and social connections are wholly owned by users.

News source:captainaltcoin.com

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