- Halo (halo.social), a cutting-edge Web3 social application, has successfully finalized its seed round funding, securing a total of $3 million from prominent investors such as IDG Capital, KuCoin Ventures, and HashKey Capital.
- In addition to the strategic investments, Halo’s growth trajectory is supported by the Cyberport incubation program, which operates under the auspices of the Hong Kong government.
- “The completion of this funding round showcases our dedication to reshaping the landscape of social monetization,” said Jeff Hou, CEO of Halo. “We plan to leverage this investment to enhance product features, drive business expansion, and increase user acquisition.”
Halo secures $3 million seed funding to accelerate its mission of social monetization in the Web3 arena, backed by industry giants and government support.
Halo’s Remarkable Growth and Strategic Investments
Since October 2023, Halo has been pioneering the social monetization landscape with the launch of its Genesis Pass, which has attracted users worldwide. This milestone marked the beginning of a flourishing ecosystem where users actively contribute content, engage in governance, and form a dynamic community.
Significant Milestones and Strategic Upgrades
The transition from Genesis Pass to Halo Membership Pass (HMP) in April 2024 has been a game-changer. HMP not only quickened social interaction monetization but also provided up to 50% returns for new holders. This upgrade has spurred a 400% increase in core HMP holders, placing HMP in the 4th position on OpenSea’s 30-day Top Collection on BNB Chain.
Halo’s open approach to ecosystem partnerships has been a driving force behind its innovations. Collaborations with top-tier entities, such as Mocaverse and KuCoin Exchange, have led to the creation of the Halo Alliance Program. This initiative focuses on redefining on-chain identity and enhancing growth within the Web3 space. Backed by the BNB Chain, Halo continues to stand out as a front-runner in SocialFi, pushing the boundaries of what social networks can achieve.
Anticipated Future Developments and Initiatives
Looking forward, Halo plans to launch its Influencer Badge, which aims to enable creators to monetize their social influence more effectively by establishing deeper connections with their audiences. Furthermore, integration with Farcaster will allow users to directly interact with its network while monetizing their social engagements.
This year will also see Halo conducting a public sale and Token Generation Event (TGE). True to its community-driven ethos, Halo will allocate 30% of resources to its community members through social farming, underscoring its commitment to equitable profit sharing.
About Halo’s Vision and Mission
Halo (halo.social) is on a mission to revolutionize how social influence is monetized within the SocialFi sector. By integrating AI, Web3 DID, and decentralized governance, Halo aims to establish a Universal Basic Income (UBI) model that offers fair profit-sharing opportunities to everyone involved.
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Conclusion
With its successful seed funding and strategic partnerships, Halo is well-positioned to lead the social monetization revolution within the Web3 space. Ensuring sustainable growth, enhanced user engagement, and innovative developments, Halo continues to shape the future of social influence monetization, embodying the next frontier of SocialFi evolution.
