Web3 Social Platform SO-COL Completes $4.5 Million Financing Round Led by DWF Labs

It is reported that the Web3 social platform SO-COL founded by Irene Zhao has completed a new round of financing of US $4.5 million, which is fully supported by DWF Labs. Earlier, Web3 social platform SO-COL announced the completion of a $1.75 million seed round financing led by DeFiance Capital and Animoca Brands in February last year. This platform is a social platform that helps creators publish NFTs, and is committed to creating a decentralized alternative to Discord, Snapshot, and OnlyFans.

Web3 social platform SO-COL completed a $4.5 million financing

Introduction

Web3 technology has the potential to revolutionize the way online communities interact with each other. These communities are the backbone of the decentralized web and are powered by social platforms like SO-COL. In recent news, SO-COL, founded by Irene Zhao, has completed a $4.5 million financing round fully supported by DWF Labs. This is a significant milestone for the platform, which aims to create a decentralized alternative to Discord, Snapshot, and OnlyFans.

What is SO-COL?

SO-COL is a social platform that helps creators publish NFTs. This platform is built on top of the Web3 stack and enables creators to monetize their content without relying on traditional centralized platforms. SO-COL is committed to building a decentralized community that empowers creators and rewards them for their work. The platform’s user interface is simple and intuitive, making it easy for beginners to start creating and publishing NFTs.

Funding Rounds

Earlier, in February last year, SO-COL announced the completion of a $1.75 million seed round financing led by DeFiance Capital and Animoca Brands. This was a significant boost for the platform, and it allowed them to attract new talent and expand their user base. The recent financing round of $4.5 million led by DWF Labs will be used to further develop the platform, add new features, and grow the team.

How Does SO-COL Work?

SO-COL is a platform that enables creators to monetize their content using NFTs. NFTs or non-fungible tokens are digital assets that are unique and valuable. Creators can use these tokens to sell their digital content to their fans and collectors. SO-COL makes it easy for creators to mint, sell, and distribute their NFTs without having to worry about coding or blockchain technologies. The platform is user-friendly and designed for creators of all levels.

Why is SO-COL Different from Other Platforms?

SO-COL is different from other social platforms because it is built on top of the Web3 stack. This means that the platform is decentralized and doesn’t rely on centralized servers to operate. Creators have complete control over their content, and they can monetize it without middlemen taking a cut. SO-COL is also committed to building a community around their platform, where creators can interact with their fans and collectors. This community-driven approach sets SO-COL apart from other digital marketplaces.

Future Plans for SO-COL

SO-COL has ambitious plans for the future. They aim to create a decentralized alternative to Discord, Snapshot, and OnlyFans. The platform’s user interface is already attracting creators from all over the world, and the recent financing round will allow them to expand the team and add new features. SO-COL is committed to building a community that empowers creators and rewards them for their work. They believe that Web3 technology has the potential to revolutionize the way online communities interact with each other, and they are at the forefront of this movement.

Conclusion

Web3 technology is disrupting the way we interact with each other online. SO-COL is a social platform that is at the forefront of this movement. The recent financing round of $4.5 million led by DWF Labs is a significant milestone for the platform. The funds will be used to develop new features, expand the team, and grow the user base. SO-COL is committed to building a community-driven platform that empowers creators and rewards them for their work.

FAQs

1. What is SO-COL?
SO-COL is a social platform that helps creators publish NFTs. The platform is built on top of the Web3 stack and enables creators to monetize their content without relying on traditional centralized platforms.
2. How is SO-COL different from other platforms?
SO-COL is different from other social platforms because it is decentralized and doesn’t rely on centralized servers to operate. Creators have complete control over their content, and they can monetize it without middlemen taking a cut.
3. What are the future plans for SO-COL?
SO-COL has ambitious plans for the future. They aim to create a decentralized alternative to Discord, Snapshot, and OnlyFans. The recent financing round of $4.5 million will help them achieve this goal by expanding the team, adding new features, and growing the user base.