By migrating its 20 million+ registered users to the 'Social
Web,' aka Web3, MeWe is elevating user control and privacy like
never before.
LOS
ANGELES, April 18, 2024 /PRNewswire/ -- MeWe, one
of the world's largest decentralized social networks,
has opened a Regulation CF (Reg-CF) community investment round on
Wefunder to its community of over 20 million users. Through
Wefunder, the leading platform in the Reg-CF space, individual
investors can invest directly in startup companies. Now, MeWe users
can own a stake in the company's success, starting at just
$100.
With over 20 million users across 200 countries and territories,
and over 740,000 already active on the blockchain, MeWe is looking
to pioneer the move from Web2 to Web3 at scale by combining the
tremendous market potential of social networks with the sizable
volume of Web3 transactions – an estimated $1T opportunity.
MeWe expects to have more than 1.5 million users on-chain by Q4
2024. The migration is intended to offer users unprecedented
privacy, control, and ownership of their digital identities and
social experiences.
"We've opened a community investment round on Wefunder to take
user-ownership to the next level," said MeWe Chairman and CEO
Jeffrey Edell. "Years ago, we
envisioned a powerful alternative to Big Tech social media, without
the influence of corporations or data brokers, where individuals
could own and control their own digital identities and social
experiences. As we enter this next chapter, we're offering our
users an opportunity to own a personal stake in the future of MeWe
and 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 and up to $500,000+ at
https://wefunder.com/mewe.
About MeWe
MeWe is a social network built to put privacy first and
committed to giving users more control over their data and social
media experience. The company offers a groundbreaking "Privacy Bill
of Rights'' which guarantees users control of their data and news
feeds. MeWe allows users to join groups, engage their friends, and
puts them in complete control without ads or algorithms. With more
than 20-million users worldwide, and unique features such as the
MeWe 2-way camera and voice & video messaging, MeWe is host to
over 700,000 user-driven interest groups.
MeWe was shortlisted as a Finalist in the 2024 SXSW Innovation
Awards, a 2020 Most Innovative Social Media Company by Fast Company
and a 2019 Best Entrepreneurial Company in America by Entrepreneur
Magazine. In 2016, MeWe was honored as Start-Up of the Year
Finalist for "Innovative World Technology" at SXSW.
Contact: press@mewe.com
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SOURCE MeWe