SocialFi Ecosystem Express, get the latest news early. In the last week of July, we sorted out the key developments of the SocialFi ecosystem in recent times to help everyone get a sense of the latest developments in the SocialFi sector.

 

Twitter has been experiencing a wave of explosive growth since Elon Musk took over, changing its logo and limiting the number of views. Then Zuckerberg immediately launched a new app, Threads, which is comparable to Twitter. The entire social circle, from Web2 to Web3, has been unprecedentedly lively.

 

Since the introduction of the traffic restriction policy, the overall traffic of the crypto community that has been gathering on Twitter for many years has been restricted and declined, and calls for finding new platforms for interaction and communication have been heard everywhere. It seems that the industry has never been in such urgent need of its own Web3 social application as it is today. Releap Protocol has completed $2.1 million in financing

Just yesterday, Releap Protocol, a decentralized social graph protocol in the Sui ecosystem, announced the completion of a US$2.1 million financing round, with participation from the Sui Foundation, GBV Capital, Big Brain Holdings, Shima Capital, Arweave Foundation and others.

 

Releap Protocol has launched a social-focused ecosystem in its beta phase to foster growth for developers and users. The Releap Protocol scalable architecture is designed to power the upcoming wave of social applications.

Lens Protocol officially releases V2

 

On July 17, the Web3 social protocol Lens Protocol officially released version V2. Users can now perform external smart contract operations directly in Lens publications. At the same time, Lens V2 has added the ability to interact with smart contracts within social media.

 

The new version of Lens Protocol also integrates the platform with the ERC-6551 token standard, allowing ownership of NFTs to be attached to other assets and interact with applications.

 

CyberConnect has launched version V3. On July 15, the Web3 social graph protocol CyberConnect announced that it has now upgraded to version V3. In the coming weeks, CyberConnect will jointly launch an exclusive launch event called CyberVoyage with Link3 to officially launch the upgraded version of CyberConnect to multiple L1 and L2 blockchain networks.

 

CyberConnect V3 makes a series of upgrades to the CyberConnect social network, introducing multi-chain and scalability to the network.

 

CharityDAO humanitarian aid campaign covers 14 countries

 

Recently, SocialFi's popular charity CharityDAO officially completed its offline charity activities in Uganda. So far, they have implemented humanitarian relief in 14 countries around the world, including: Ukraine, Zambia, Turkey, Nigeria, India, Sierra Leone, Sri Lanka, Nepal, Philippines, Indonesia, etc.

 

CharityDAO has recently reached cooperation with many popular projects and communities such as Umi's Friends, veDAO, Conscious Network, and Themis Pro. The industry's attention to crypto charity is continuing to rise. CharityDAO is a decentralized charity autonomous organization that focuses on exploring the integration and innovation of charity, social networking, and finance, aiming to make charity simpler, non-political, borderless, and highly efficient.

Cheelee Completes $10 Million in Financing Web3 short video platform Cheelee has completed $10 million in financing, with VC SILA participating. Cheelee has raised a total of $32.75 million in financing to date. The new funds will be used to accelerate the development and marketing of its vertical video social network applications. Cheelee aims to promote the adoption of Web3 and cryptocurrency through the gaming community, and users can watch and generate gaming video content through its "NFT glasses" to obtain token incentives.

 

Coinbase Wallet adds new communication feature Coinbase announced in mid-July that it would launch a new way to interact with the cryptocurrency community through built-in messaging on the Coinbase Wallet supported by the XMTP protocol.

 

Messaging on Coinbase Wallet is end-to-end encrypted, private, and portable, allowing users to connect directly through their wallets, enabling users to interact with the community, send payments through thousands of tokens (including gas-free USDC), and have conversations through any other XMTP-compatible application, giving users full control and ownership of their identities and chats. XMTP is a Web3 communication protocol and network that has also worked with Lens to develop communication embedded services.

Web3 social platform Buttrfly has been launched on the App Store. Previously, Buttrfly, a Web3 social platform based on Lens Protocol, has been launched on the App Store. Users can experience multimedia Web3 social networking through the platform and interact through the Web3 encrypted information network XMTP.

 

Conclusion:

It is unknown how much change this round of SocialFi's popularity can bring, but once this stone is thrown into the center of the lake, we can feel the ripples. The most unstoppable thing in the crypto industry is new stories. We will continue to look forward to it, pay attention to the trend of the SocialFi ecosystem, and keep up with potential hot trends.