Hong Kong, Hong Kong, July 21, 2024, Chainwire
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 seen over 300,000 on-chain transactions in 14 days since launch, making it the most active and fastest-growing social app in the Web3 space.
SoMon, short for Social Monster, allows users to monetize and build communities (Tribes) around their favorite topics, passions, creators, and fandoms. It is the first app built on the OpenSocial protocol, a composable infrastructure layer for building social apps, and also the first Web3 social app that is truly gas-free, allowing it to lower the barrier to entry and onboard users beyond the crypto community.
After launching its mobile app on June 19, 2024, about a month ago, it has achieved over 30,000 on-chain registrations in just two weeks. Today, the community is growing rapidly, with over 2 million social interactions between over 300 different tribes (communities) and its 80,000+ users.
“Cryptocurrencies are all about community, but instead of creating communities for users, we want users to create communities. SoMon is a user-created space where people can connect with each other while taking control and reaping the benefits of their own social achievements at the same time,” he said. Sean Tao, CEO and co-founder of SoMon.
SoMon users began creating their own Tribes using various tools and fragmented ownership powered by NFT technology after the new feature was launched on July 17, 2024. Users create content and the platform is monetized through a tool called ‘Megaphone’, which allows users to pay for promotional visibility, with revenue redistributed between Tribe owners and stakeholders.
SoMon is currently in its first season, which ends on July 31, 2024. In this season, users compete to earn points through interactions and earn badges by moving up to different leagues. At the end of the season, SoMon will officially release its community token, $OwO, which will be distributed to the community at the end of the first season. The first release will release 3% of its total supply on August 1, 2024, and 1% of its total supply for subsequent seasons.
Over the next few seasons, SoMon will focus on activating the community economy through the Tribe Summer campaign for users to create and interact with their bot-free community.
About SoMon
Social Monster (SoMon) is an open-topic, Web3 social application forum powered by the 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 owned exclusively by the users.
ContactDirector of Public RelationsKelvin Yeo Jun HaoEverest Ventures Group[email protected]
This article was originally published on Chainwire
