Friendzone Officially Launches Social Monetization Protocol on the Polygon Proof-of-Stake Network

Innovative Web3 SocialFi startup Friendzone has announced the official launch of its Social Capital Marketplace on the Polygon Proof-of-Stake network. This launch marks a significant milestone in Friendzone’s quest to become the leading social media decentralized application (dApp) in the Web3 industry.

Friendzone stands out as a decentralized protocol that blends traditional social media engagement with the financial rewards enabled by Web3 technology. By merging these elements, Friendzone offers a paradigm shift, recognizing and monetizing social media presence and influence. This innovative approach promises to reshape the social media landscape, empowering both content creators and users to monetize their online interactions seamlessly.

Friendzone Secures $750,000 in Funding Round

Per the announcement, the launch of Friendzone on Polygon PoS coincides with the closure of a substantial funding round led by prominent angel investors, including industry luminaries such as Kain Warwick, Kieran Warwick, and Danny Wilson. With total funding exceeding $750,000 USD, Friendzone is poised for exponential growth and innovation.

Setting itself apart from competitors in the crowded SocialFi space, Friendzone’s platform boasts a remarkable incentive and protocol design focused on scalability and liquidity. Through an adaptive bonding curve mechanism, Friendzone ensures fair token valuation and continuous accessibility for both small and large networks, overcoming traditional barriers to growth.

Moreover, Friendzone introduces custom creator controls, allowing every user to monetize their social media presence effectively. Whether through public events or private groups, creators can tailor their offerings and set prices reflective of their value, thereby democratizing content monetization.

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Nonetheless, the launch on Polygon PoS is just the beginning for Friendzone, with more than 5,000 whitelisted users eagerly awaiting access to the platform. To ensure a smooth rollout, Friendzone plans to onboard users gradually, with the initial cohort gaining access to exclusive features and rewards.

Kevin Lu, CEO & Co-Founder of Friendzone, expressed his enthusiasm for the collaboration with the Polygon ecosystem, saying;

“We are immensely proud to launch Friendzone with the support of the Polygon ecosystem, a collaboration that marks a significant milestone in our journey. The Polygon PoS Network’s exceptional scalability, speed, and security offer the perfect foundation for Friendzone, enabling us to redefine social media engagement and monetization in the Web3 space. The commitment to innovation and the success of projects built on Polygon PoS is unparalleled. This strategic relationship is a testament to our shared vision of empowering users and creators in a disruptive decentralized digital economy.”

SungMo Park, Head of BD APAC at Polygon Labs, had also echoed this sentiment, emphasizing Polygon’s commitment to supporting innovative projects that push the boundaries of Web3.