Web3 Social Application Phaver: A Bridge Connecting Web2 and Web3

In today's internet world, user data is often controlled and monetized by internet giants. However, an emerging social application called Phaver is attempting to change this situation. Phaver claims to be a "Web 2.5" application, aiming to give users complete control over their data and to monetize it. At the same time, it is committed to breaking the boundaries between Web 2 and Web 3, allowing users to enter the Web 3 world using common Web 2 login methods, participating without the need for a wallet.

Phaver aims to create a social graph for the Web3 world. It is the only social application that allows cross-platform publishing and integrates Lens Protocol and Farcaster protocol. To encourage community participation and incentivize creators, Phaver has designed a Phaver Point reward system similar to airline mileage rewards. Additionally, it has established the Phaver Cred reputation score system, which not only effectively prevents bots and fake accounts but also provides practical value for assets such as NFTs held by users.

As of now, Phaver's data performance is impressive. Its daily active users (DAU) reach 41,000, and the actual daily posting volume after filtering by bots is 27,000. Phaver has become the application with the highest daily active users and posting volume on the Lens Protocol, accounting for 46% of the daily posting volume. On the Farcaster platform, Phaver is also the largest external application, contributing 40% of the DAU. Phaver's active user-connected wallet assets exceed 200 million, the app download volume has reached 350,000, and the social media follower count has reached 300,000.

Phaver's native token $SOCIAL has a total supply of 10 billion tokens and will become the first social token listed on a centralized exchange. Phaver has announced the launch of the first round of airdrops, accounting for 3% of the total circulation. Users can redeem Points for $SOCIAL tokens, and the redemption rate depends on the user's Cred level.

Phaver Cred is a reputation scoring system based on users' on-chain assets, which determines the user's level and privileges within the application. Cred is updated every 30 days, and users can enhance their level by linking NFTs and maintaining activity. Different NFTs have different Cred values, which enhances the identity of NFT holders and lays the groundwork for future collaborations with NFT projects.

Phaver Points can be obtained through daily staking, creating content, and inviting new users. Users can use the points to increase the visibility of their posts or subscribe to premium content. This gamified design encourages users to stay active and participate in community building.

The founding team of Phaver has complementary backgrounds and strong overall capabilities. CEO Joonatan has ten years of experience in the social media field, CTO Carlo is skilled in gamification design, and CFO Tomi was an investment banker and venture capitalist. The team also includes a founder of an early cryptocurrency exchange. Phaver has a total of 28 employees globally, supporting multiple languages, which helps to expand its international market.

In terms of financing, Phaver completed a $7 million seed round financing 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 funding, with a valuation of approximately $80 million.

As an emerging Web3 social platform, Phaver successfully combines the convenience of traditional social networks with the advantages of decentralized technology through its unique "Web2.5" design and strong economic incentive mechanisms. With the development of Web3 technology and the increasing user demand for decentralized social interactions, Phaver is expected to become an important bridge connecting the Web2 and Web3 worlds, occupying a place in the SocialFi field.