Social Market secured $30,000 in pre-seed funding from Hitchens Ventures to accelerate the development of its crypto wallet, which integrates earning, paying, and socializing on the DeSo blockchain. The platform empowers creators with direct monetization tools like Creator Coins and decentralized fundraising options. With new leadership and funding, Social Market aims to expand its features and grow its user base within the creator economy.
How Social Market Transforms the Way We Earn and Connect On-Chain
Social Market is redefining the intersection of financial technology and social networking. Designed as a crypto wallet, the platform enables users to earn, pay, and interact within a decentralized ecosystem. By integrating financial transactions with social engagement, Social Market offers a streamlined experience where creators, investors, and users can build meaningful connections while managing their digital assets. Operating on the DeSo blockchain, the platform enhances user autonomy with self-custody of assets and facilitates seamless, on-chain interactions.
The $30K Funding Boost: A New Chapter for Social Market
Social Market has successfully raised $30,000 in a pre-seed funding round led by Hitchens Ventures. This investment marks a significant milestone for the startup, allowing it to accelerate the development of its mobile application, improve website functionality, and expand its DeSo node infrastructure. A portion of the funds will also support marketing campaigns aimed at increasing user adoption and fostering deeper engagement within the creator economy. The funding round also brings a leadership change, with Leon Hitchens, founder of Hitchens Ventures, stepping in as Chief Marketing Officer to guide the platform’s growth strategy.
Why the DeSo Blockchain Sets Social Market Apart
The DeSo blockchain underpins Social Market’s operations, providing an efficient, scalable, and decentralized environment. DeSo’s infrastructure allows for:
- Zero transaction fees for seamless and cost-effective on-chain activities.
- Self-custody of assets, granting users complete control over their digital wealth.
- Effortless scalability to support growing user bases and high-volume transactions.
By leveraging DeSo, Social Market simplifies the complexities often associated with blockchain platforms, fostering a user-friendly experience for creators and everyday users alike.
Empowering Creators with Direct Monetization Tools
At the heart of Social Market is its commitment to supporting creators. The platform introduces Creator Coins, which allow users to invest in and support their favorite creators directly. This mechanism not only facilitates financial backing but also strengthens community bonds. Social Market empowers users to:
- Launch on-chain projects, brands, or startups.
- Engage in decentralized fundraising and crowdfunding efforts.
- Participate in decentralized autonomous organizations (DAOs) for governance and decision-making.
- Implement revenue-sharing models, creating sustainable income streams.
- Develop loyalty and rewards programs to incentivize community participation.
By removing traditional barriers to funding, Social Market opens doors for creators to monetize their work quickly and efficiently.
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The Role of Hitchens Ventures in Fueling Social Market’s Growth
Hitchens Ventures, an emerging player in San Antonio’s business scene, recognized Social Market’s potential to transform digital engagement. Their $30,000 investment provides not just financial backing but strategic support to scale the platform. Leon Hitchens’ transition to Chief Marketing Officer is expected to bring fresh insights into user acquisition strategies and market positioning, accelerating Social Market’s outreach and impact.
Social Market’s Roadmap: What’s Next for the Platform
With new funding in place, Social Market plans to introduce several enhancements to its platform:
- Mobile App Launch: A user-friendly application aimed at improving accessibility and functionality.
- Expanded Marketing Campaigns: Targeted outreach to grow the user base and attract content creators.
- Advanced DeSo Node Integration: Strengthening the platform’s technical backbone for better scalability.
- New Monetization Features: Additional tools for creators to diversify income streams.
These developments are positioned to solidify Social Market’s role in the evolving creator economy.
Blending Finance and Social Interaction for a More Inclusive Digital Future
Social Market is bridging the gap between financial empowerment and social networking by creating an inclusive platform for creators and users. By combining decentralized finance with social engagement tools, it provides a space where users can financially support and interact with creators without relying on traditional financial systems. This approach not only democratizes content monetization but also fosters deeper, community-driven growth in the digital economy.
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