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

Hong Kong, July 21st, 2024 – Chainwire

SoMon, a decentralized Web3 forum aimed at fostering user-owned content and connections, has recently launched its app on Base, achieving an impressive milestone of over 300,000 on-chain transactions within just 14 days of its debut. This rapid growth positions it as the most active and fastest-expanding social app in the Web3 landscape.

Short for Social Monster, SoMon empowers users to monetize their interests and form communities, referred to as "Tribes," around their favorite topics, creators, and fandoms. It is the first application developed on the OpenSocial Protocol, a modular infrastructure designed for creating social applications. Additionally, it is recognized as the first truly gasless Web3 social app, significantly lowering entry barriers and allowing broader user adoption beyond the cryptocurrency community.

Since the mobile app’s launch on June 19, 2024, SoMon has seen over 30,000 on-chain registrations in just two weeks. The platform’s community is rapidly expanding, boasting more than 2 million social engagements across over 300 Tribes and more than 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 that allows people to connect while taking charge of their social achievements,” stated Sean Tao, CEO and Co-Founder of SoMon.

Since July 17, 2024, SoMon users have begun minting their own Tribes using a range of tools and fragmented ownership enabled by NFT technology. Content generation is incentivized on the platform through a feature called ‘Megaphone,’ which allows users to pay for promotional visibility, redistributing revenue to Tribe owners and stakeholders.

SoMon is currently in its first season, set to conclude on July 31, 2024. During this season, users compete for points through interactions and earn badges by progressing through different leagues. At the season’s end, SoMon will launch its community token, $OwO, which will be distributed to users. The first airdrop of 3% of the total supply will occur on August 1, 2024, followed by subsequent airdrops of 1% in future seasons.

In the upcoming seasons, SoMon aims to activate the community economy with the Tribe Summer campaign, encouraging users to create and engage within their bot-free communities.

About SoMon

Social Monster (SoMon) is a Web3 social app forum that focuses on open, topic-based discussions. Powered by the OpenSocial Protocol, it allows users to build vibrant and engaging Tribes around their passions and interests, ensuring full ownership of Tribes, content, and social connections by the users themselves.

Contact:
Kelvin Yeo Jun Hao
Public Relations Manager
Everest Ventures Group
[email protected]