{"id":225785,"date":"2024-01-08T20:01:23","date_gmt":"2024-01-08T14:31:23","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=225785"},"modified":"2024-01-08T20:01:23","modified_gmt":"2024-01-08T14:31:23","slug":"freechat-valuation-soars-to-800m-after-funding-round-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/freechat-valuation-soars-to-800m-after-funding-round-crypto-news\/","title":{"rendered":"Freechat Valuation Soars to $800M After Funding Round – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

In a groundbreaking move, the blockchain social platform, Freechat, has recently closed an impressive $80 million financing round, catapulting its post-money valuation to $800 million. Meanwhile, this significant funding will propel Freechat to fortify its Web3 features, emphasizing privacy, security, and user-controlled data. The aim is to construct a decentralized, open, and transparent global social network platform.<\/p>\n

Freechat Receives Funding To Redefine Social Networking With Web3<\/h2>\n

Freechat, founded in 2022, has emerged as a frontrunner in the blockchain<\/a> social space, completing an initial $2 million seed round in August 2022. Meanwhile, a recent report<\/a> showed that the latest $80 million financing round comes as a testament to the platform\u2019s rapid growth and market recognition.<\/p>\n

<\/p>\n

Meanwhile, the current Freechat ecosystem boasts modules ranging from online chat and community operations to creator plans, short video features, and a community square. Differentiating itself from traditional blockchains, Freechain operates as an application-layer public chain, encompassing message relays, private networks, decentralized storage, artificial intelligence (AI)<\/a> computing power, and more.<\/p>\n

Notably, Jack Long, the founder, revealed that Freechat\u2019s daily market transaction volume is approaching $200,000, with a robust 40% user retention rate. In addition, the platform\u2019s emphasis on user experience and data protection has garnered market approval, reflected in its growing activity.<\/p>\n

Also Read: Analyst Warns Of Altcoin Turbulence Ahead Of Bitcoin ETF Approval<\/a><\/strong><\/p>\n

<\/p>\n

A Closer Look Into The Social Platforms\u2019 Recent Development<\/h2>\n

<\/p>\n

Implementing device fingerprint technology and continually iterating on software and hardware security functions, Freechat is committed to ensuring the authenticity and uniqueness of user data. Meanwhile, Jack Long disclosed strategic Bitcoin<\/a> reserves, showing a floating profit of nearly $2.2 million, forming a solid financial foundation for Freechat\u2019s expansion into overseas markets.<\/p>\n

In addition, Jack Long envisions Freechat hitting an annual revenue of $40 million in 2024. Going forward, the platform plans to roll out a Creator Incentive Program, offering incentives for creators in various content formats.<\/p>\n

Meanwhile, as Freechat invites creators worldwide to join its ecosystem, the goal is to provide users with an enhanced level of freedom and a more diverse online social experience. Freechat\u2019s journey signals a transformative shift in the landscape of decentralized social networking.<\/p>\n

Also Read: Bitcoin ETF Green Light & Halving: Analyst Predicts BTC Price To Hit $200K In 2025<\/a><\/strong><\/p>\n

<\/p>\n

\n
\n

\u2713 Share:<\/p>\n

<\/a><\/p>\n

\n
\n \"coingape\"
\n<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. He finds joy in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor and crypto journalist at Coingape, Rupam’s expertise goes beyond conventional boundaries. His contributions encompass breaking stories, delving into AI-related developments, providing real-time crypto market updates, and presenting insightful economic news. Rupam’s journey is marked by a passion for unraveling the intricacies of finance and delivering impactful stories that resonate with a diverse audience. <\/p>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"Pixel\"Pixel<\/div>\n
Pixel Games Launches Pixel Token Airdrop: Play to Earn Rewards! <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"Spot-Bitcoin-ETF-Approval\"\"Spot-Bitcoin-ETF-Approval\"<\/div>\n
Key Points in the Bitcoin ETF Race <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"'Bitcoin\"'Bitcoin<\/div>\n
\u2018Bitcoin ETF\u2019 Searches Go Parabolic on Google <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

In a groundbreaking move, the blockchain social platform, Freechat, has recently closed an impressive $80 million financing round, catapulting its post-money valuation to $800 million. Meanwhile, this significant funding will propel Freechat to fortify its Web3 features, emphasizing privacy, security, and user-controlled data. The aim is to construct a decentralized, open, and transparent global social […]<\/p>\n","protected":false},"author":2,"featured_media":188843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-225785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/225785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=225785"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/225785\/revisions"}],"predecessor-version":[{"id":225787,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/225785\/revisions\/225787"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/188843"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=225785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=225785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=225785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}