logo
logo

Social Media Platform Somee Secures $50M Investment Commitment

Aug 26, 2022almost 3 years ago

Amount Raised

$50 Million

Las VegasCryptocurrencyBlockchain

Description

The investment commitment from GEM will allow SoMee to propel significant growth while allowing the company to fuel liquidity into its Hive-backed $SME token that users earn and trade via the SoMee.Social network.

Company Information

Company

SoMee

Location

Las Vegas, Nevada, United States

About

The investment commitment from GEM will allow SoMee to propel significant growth while allowing the company to fuel liquidity into its Hive-backed $SME token that users earn and trade via the SoMee.Social network. Based in the Bahamas, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally. All efforts to that end dictate how the platform builds new features and services for its users. On the tech side, SoMee uses Amazon Web Services (AWS) hyper-scale technology that has the capability to support rapid user adoption, and it's blockchain, Hive, has been battle tested for 5+ years with millions of users and boasts three second block times. SoMee received start up grants from IBM and AWS early on for their blockchain-augmented social media platform that prioritizes user privacy and autonomy. As SoMee is a blockchain agnostic platform that utilizes the HIVE blockchain as the first sidechain, users earn $SME, $HIVE, and $HBD for content rewards and an Ethereum-powered advertising system based on $SAT (SoMee Advertising Token).

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Related People