MeWe Launches a Community Invest Round via WeFunder

(Press release – Venice, USA, April 26, 2024)

MeWe, a social network with over 780,000 active users on the Polkadot Blockchain, opens a community investment round to allow users to own a financial stake in the company.

By migrating more than 20 million registered users to the “Social Web,” also known as Web3, MeWe is raising the level of user control and privacy like never before.

MeWe, one of the world's largest decentralized social networks built on Polkadot, has opened a Regulated Community CF (Reg-CF) investment round on Wefunder for its community of over 20 million users. Through Wefunder, the leading Reg-CF platform, individual investors can invest directly in startups. Now, MeWe users can own a stake in the company's success, starting with just $100.

With over 20 million users across 200 countries and regions, and over 740,000 users already active on the blockchain, MeWe looks to pioneer the transition from Web2 to Web3 at scale by combining the massive market potential of social networks with the high volume of Web3 transactions – an opportunity valued at With 1 trillion dollars.

MeWe expects to have more than 1.5 million users on-chain by Q4 2024. The migration aims to provide users with unprecedented privacy, control, and ownership of their digital identities and social experiences.

“We have opened a community investment round on Wefunder to take user ownership to the next level,” said Jeffrey Edell, Chairman and CEO of MeWe. “Years ago, we envisioned a powerful alternative to Big Tech's social media, without the influence of corporations or data brokers, where individuals could own and control their digital identities and social experiences. As we enter this next chapter, we are offering our users the opportunity to own a personal stake in the future of MeWe and social media.” Decentralized social networking.

The MeWe team is led by leading executives from Disney, Apple, Yahoo! 21st Century Fox, Myspace, Warner Bros, and Samsung. The company previously closed a $24 million Series A round in February 2022 led by McCourt Global.

Anyone can invest in MeWe from $100 up to $500,000 https://wefunder.com/mewe.

brief about me

MeWe is a social network built to put privacy first and is committed to giving users more control over their data and their social media experience. The company offers a groundbreaking “Privacy Bill of Rights” that ensures users have control over their data and news feeds. MeWe allows users to join groups, engage their friends, and gives them full control without ads or algorithms. With over 20 million users worldwide, and unique features like MeWe's two-way camera and audio and video messaging, MeWe hosts over 700,000 user-driven interest groups.

MeWe has been shortlisted as a finalist in the 2024 SXSW Innovation Awards, a 2020 Most Innovative Social Media Company by Fast Company and a 2019 Entrepreneur of the Year in America by Entrepreneur Magazine. In 2016, MeWe was honored as a Startup of the Year finalist for “Global Innovative Technology” at SXSW.