Web3 social discovery platform Wall.app raises $1 million – The Economic Times

Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/web3-social-discovery-platform-wall-app-raises-1-million/articleshow/88668633.cmsSynopsis

Wall.app is a platform where people can discover what NFTs’ top collectors are buying, meet people from various communities and interact with each other. Web3 largely refers to the new era of the internet, which is an amalgamation of finance, technology and culture.

New Delhi: The wall.app, a discovery platform for Web3, has raised over $1 million in its seed funding round from Woodstock Fund, Arcanum capital, lancer capital, Lumos Labs and founders of Persistence, Biconomy, falconX.

Wall.app is a platform where people can discover what NFTs’ top collectors are buying, meet people from various communities and interact with each other. Web3 largely refers to the new era of the internet, which is an amalgamation of finance, technology and culture.

Web3 is an incredible opportunity for everyone on the internet. It is about financializing the information layer. Earlier, you could just send a picture online; now that picture has value.

The same is going to happen with a lot of things and people can realize this value by being part of this, as coders, contributors, creators & even consumers, said, Anuj Kodam, Co-Founder, the WALL.app.

“NFTs are one such prominent alternative digital asset that will really come to light in 2021. 2022 looks promising for the creator economy and followers to participate in this new era of the internet – Web3 towards financial independence,” he added.

The company will be utilizing the funds for its organic and inorganic growth which includes scaling product technology, marketing and customer acquisition

WALL.app is soon opening its private alpha, a fully digital financial technology company, to become an early supporter of the community.

“The first internet revolution was read-only. The Web2.0 was read and write but hype around Web3 is real because it’s now read, write and own. Advertisements will be replaced with activities, sponsorships will be replaced with buying the NFT collections or joining a DAO and gaming will earn you money,” said Amarnath JV, Co-founder of the WALL.app.

Wall is a blockchain-based decentralized social discovery platform focussed on communities, NFTs and DAOs. In the quickly evolving web3.0 construct, Wall.app will allow users to converge cross-chain activities through their wallets to their profile, which in turn can be followed by other users.

The platform will incorporate multiple features which would make the journey of navigating across the Metaverse simple and engaging while empowering the users through true ownership of their data.

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