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Web3 chatting app Beoble acquires $2 million in pre-seed funding round

Web3 & Enterprise·November 16, 2023, 5:26 AM

Web3 social messaging app Beoble announced on Wednesday that it has secured a total of $2 million in pre-seed funding, gaining recognition for its innovative communication service technology and potential for future growth.

Photo by Yura Fresh on Unsplash

 

Empowering individuals in the Web3 era

Targeted at the Hong Kong and Singaporean markets, Beoble is a Web3-based social messenger platform that employs a decentralized encryption network called the Communication Delivery Graph, which allows users to engage in end-to-end encrypted chatting between their digital wallets. It also offers a communication toolkit for integrating decentralized applications (dApps). The service emphasizes giving ownership to individuals rather than corporations, distributing “cat points” to users based on their participation and contribution to the ecosystem, which are then used to determine their eligibility for rewards like token airdrops. It currently supports all EVM-compatible blockchains like Ethereum and Polygon and plans to include others like Solana, Aptos and Sui.

“Beoble’s new solution for facilitating communication among Web3 wallets will address the vulnerabilities in control and security that are characteristic of existing Web2 messaging platforms, making it a leader in the Web3 messaging market,” said Beoble CEO Cho Sung-min.

 

Attracting industry giants

In this pre-seed round, major investors include firms focusing on crypto and blockchain projects such as Digital Currency Group (DCG), HashKey Capital and GBV Capital. Notably, Samsung Electronics’ venture capital arm, Samsung Next, also participated as an investor.

Furthermore, Beoble has received acclaim from experts for providing a direct communication channel among Web3 wallet owners and allowing them to conduct non-fungible token (NFT) and peer-to-peer (P2P) transactions. The company was also selected for the Web3 incubation program conducted by internet juggernaut Kakao’s public open-source blockchain, Klaytn, in April of last year.

Beoble is currently accepting pre-registration applications for beta testing until Nov. 30 and will launch the beta version on Dec. 2.

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Web3 & Enterprise·

Aug 21, 2023

Rotonda Launches iOS Version of Web3 Bithumb Burrito Wallet

Rotonda Launches iOS Version of Web3 Bithumb Burrito WalletRotonda, a subsidiary of Korean crypto exchange Bithumb, said Monday that it has officially released the iOS version of its Web3 digital wallet, Bithumb Burrito Wallet. This comes as part of the company’s efforts to make the app available for Web3 users on all operating systems.Photo by Shubham’s Web3 on UnsplashBoosted accessibilityRotonda has recently expanded the number of mainnets supported on the wallet to a total of 11 in order to enhance the accessibility of the service as well. Plans are underway to continuously improve features and build a user-friendly experience and interface.“By expanding our iOS-based services, we expect more users to be able to experience the new Web3 ecosystem,” the company said. “We will continuously enhance necessary features on Burrito Wallet for our users and strengthen competitiveness as a global service.”Collaborative eventThe company is also holding a two-part promotional event to mark the latest release in collaboration with ROACORE, an art tech platform created by ROALAND Foundation that allows non-fungible token (NFT) trading and NFT-based service experiences for artists and consumers. Users of the platform can participate in various Web3 experiences such as content consumption and offline events by using the native token ROA CORE (ROA).For the first part of the promotion, the first 10,000 users who sign up for Burrito Wallet and add the ROA token will receive 10 ROA tokens.The second part is a Learn-To-Earn (L2E) activity aimed at introducing ROACORE to users in a more engaging manner. Both new and existing wallet users can partake in a quiz after learning about ROACORE on the app. Four ROA tokens will be given to the first 5,000 participants.This promotional event will run from now until September 3. All reward tokens will be airdropped to winners, Rotonda said.Upcoming eventsRotonda is also set to co-host Next Block 2023 — a conference for exploring new business collaboration opportunities in building a new ecosystem for Web3 projects — with Bithumb META, Bithumb’s metaverse subsidiary on September 4.

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Web3 & Enterprise·

Oct 17, 2023

Haru Invest Considers Server Suspension as Troubles Persist

Haru Invest Considers Server Suspension as Troubles PersistIn the wake of halting withdrawals in June, Haru Invest, a Singapore-headquartered cryptocurrency platform, is contemplating the suspension of its server. This decision is part of the firm’s ongoing efforts to streamline operations and reduce maintenance costs.Photo by David Guenther on UnsplashCost reductionCEO Hugo Lee made the announcement on Monday, underscoring the significant burden of server maintenance costs on the company’s finances. He acknowledged that this cost represents a substantial portion of their fixed expenses and is thus a top priority for the firm.Lee disclosed:“We plan to suspend the service in a few weeks, backing up all member information.”However, he also noted that the company is yet to finalize a concrete plan for the server suspension.The move to shut down the server aligns with Haru Invest’s broader strategy to lower all costs associated with its services. Lee explained:“Some of the current fixed expenditures include the upkeep of Haru Invest services, the cost of workspace like the office, and the cost of communication with our members.”The company is actively seeking ways to reduce these expenses and preserve its assets.Asset distributionAdditionally, Lee assured users that the assets conserved thus far would be included in the distribution to those who have had their funds locked on the platform since June, offering a glimmer of hope to impacted users.Nevertheless, the announcement of the server suspension has raised concerns within the Haru Invest community. Some users have expressed skepticism about the purported high costs of server maintenance, believing the firm’s claim to be exaggerated.One user, voicing this discontent, commented on Haru Invest’s Telegram channel, “Server costs cost nothing.” Another remarked: “Servers are gone soon guys, huge costs, 200 USD a month.” According to industry standards, the maintenance costs for running a server for a small to medium-sized business typically range between $35 to $500 per month.Unhappy platform usersLee’s statement regarding the impending server suspension follows the platform’s earlier decision to terminate deposits and withdrawals in June. This decision was coupled with the closure of Haru Invest’s offices and the dismissal of numerous employees, as reported by local news agencies.Haru Invest attributed these issues to the fraudulent activities of the consignment operator B&S Holdings, formerly known as Aventus. While some investors accused the firm of orchestrating a “rug pull,” Haru Invest denied these allegations and maintained its innocence. One user posted the following claim on X (formerly Twitter) last week: “Rugpull. If justice is served, the scammers will be behind bars.”In a bid to address concerns over its corporate rehabilitation application, Lee appeared in court in September, emphasizing that Haru Invest was actively cooperating with investigating agencies. However, the company has yet to provide a timeline for the recovery of users’ assets as of early October.Lee also addressed the matter in Monday’s statement: “We are also responding to the rehabilitation proceedings that some of our members have filed with the court as mentioned in our previous announcement, in addition to actively cooperating with other authorities’ investigations. ”Haru Invest is reportedly facing a class-action lawsuit with disgruntled investors alleging fraud.

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Web3 & Enterprise·

Dec 06, 2023

Gala Games announces worldwide release of 4X RPG Eternal Paradox

Gala Games announces worldwide release of 4X RPG Eternal ParadoxGala Games officially launched South Korean game developer Ndream’s newest game, Eternal Paradox, worldwide on Tuesday (PT), according to an official blog post. Eternal Paradox is a 4X mobile role-playing game (RPG) where players can engage in war simulations or turn-based battles by playing with tiered characters, or “Mercenaries”. In particular, it employs Web3 ownership mechanisms, including a native token Eternal Time (ETIME), which is built on Gala Games’ layer 1 blockchain GalaChain.Photo by Jack B on UnsplashRewards-based gaming universeThe token powers the Eternal Paradox ecosystem and distributes rewards to players, such as in-game assets, upgrades and special Mercenaries that are minted as non-fungible tokens (NFTs).“We are pleased to bring a new game from South Korean game developer Ndream to the Gala Games platform. We will continue to work with Ndream to ensure that global users can enjoy the game for a long time to come, as it is a piece of Korean content recognized by many around the world,” Gala Games said.Global RPG experienceThe RPG is playable in 11 languages and allows simultaneous chatting with automatic translation, facilitating communication between global users. It also implements a seasonal system, resetting every 49 days to create an immersive and unique gameplay experience. Players around the world can interact with each other by participating in guild wars each season, where national guilds can battle for control of territory and earn rewards.“Eternal Paradox is a superb combination of turn-based RPG and war simulation,” said Kwon Won-seok, CEO of Ntroi, a subsidiary of Ndream and the executive producer of Eternal Paradox. “I’m very curious to see which country will be the winning guild in the first season. We hope you enjoy the game.”Eternal Paradox is now available for mobile download on the Google Play Store, Apple App Store and Gala Games platform. Support for PC play will be available in the future. Gala Games also noted that the game is not available in some countries, including South Korea.

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