Bit Islands, the developer of decentralized social commerce protocol Bi.social, recently announced a successful $3 million funding round. This round saw the participation of Web3Vision, WAGMi Ventures and QF Capital. The funds will support the ongoing development of the social protocol and its upcoming features. Bi.social is a pioneering Web3 social trading platform that allows users to discover trading signals, follow seasoned traders, and engage in trading activities through decentralized social trading applications.
The platform has over 390,000 connected wallet users and over 16,000 creators who have published over 180,000 pieces of content. This content covers crypto investment opportunities in over 10,000 cryptocurrencies, driving over 3.7 million user interactions. Additionally, the total number of Bi DID identity NFTs exceeded 260,000. The platform introduced the vBIS points system, rewarding users who interact with high-quality content. To date, 314,635,182 vBIS points rewards have been claimed, marking significant user participation and engagement.
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