Web3 Social Newcomer Phaver: Creating a Super Social Graph Bridging Web2 and Web3

In today's data-driven internet era, user privacy and data ownership have become increasingly important topics of concern. Phaver, as an emerging Web3 social platform, is attempting to address these issues through its unique "Web2.5" concept.

Phaver allows users to have complete control over their data and realize value monetization through it. It cleverly breaks down the barriers between Web2 and Web3, enabling users to seamlessly enter the Web3 world using common Web2 login methods without the need for special setup of a cryptocurrency wallet. Phaver's goal is to attract more users, including Web3 newcomers, to experience a decentralized, data-sovereign, and privacy-protected internet ecosystem.

As the only social application in the Web3 field that supports cross-platform publishing and integrates Lens Protocol and Farcaster protocol, Phaver is committed to building a super social graph for the Web3 world. To encourage community participation and incentivize creation, Phaver has designed a Phaver Point reward system similar to airline mileage rewards. At the same time, it has innovatively launched the Phaver Cred reputation score system, which not only effectively prevents bots, fake accounts, and inflated behavior but also provides practical application scenarios for digital assets such as NFTs held by users.

Currently, Phaver's user data is performing exceptionally well. Its daily active users reach as high as 41,000, with an actual daily posting volume of 27,000 after bot filtering. Phaver has become the most active application on the Lens Protocol, accounting for 46% of the protocol's daily posting volume. In the Farcaster ecosystem, Phaver is also the largest third-party application, contributing 40% of the platform's daily active users. Phaver's active users have connected wallet assets exceeding $200 million, with the app download count reaching 350,000 and social media followers exceeding 300,000.

Phaver's native token $SOCIAL has a total supply of 10 billion coins and will be the first social token listed on a centralized exchange. Phaver has announced the launch of its first airdrop, accounting for 3% of the total circulation. Users can exchange points for $SOCIAL tokens, with different exchange rates for users of varying credit levels.

In order to maintain a healthy platform ecosystem, Phaver has innovatively introduced the Phaver Cred reputation score mechanism. This is a reputation scoring system based on users' on-chain assets, which can effectively prevent false interactions. Cred determines the user's level within the platform, and higher-level users can unlock more privileges.

Phaver has also designed a Point rewards system and content staking mechanism. Users can earn points through daily staking, creating content, and inviting new users. These points can be used to increase post visibility or exchange for platform tokens, providing users with tangible economic incentives.

The founding team of Phaver has complementary professional backgrounds and extensive industry experience. The company currently has 28 employees, covering multiple key markets and supporting multiple languages including Chinese, Korean, and Japanese.

In terms of financing, Phaver completed a $7 million seed funding round in October 2023, with investors including well-known institutions such as Polygon Ventures and Nomad Capital. Since its launch in May 2022, Phaver has raised over $8 million in total, with a valuation of approximately $80 million.

As a rising star in the Web3 social domain, Phaver successfully combines the convenience of traditional social networks with the advantages of decentralized technology through innovative design concepts and strong economic incentives. With the growing demand for data privacy and ownership among users, Phaver is expected to become an important bridge connecting the Web2 and Web3 worlds, occupying a significant position in the SocialFi sector.