WGFdesacial completed US $20 million seed round financing, and Dao venture capital led the investment

According to the official news, WGFDesocial has completed a seed round financing of US $20 million, led by Dao venture capital. Humza Saleem, the co-founder and CEO of WGFDesocial, said that WGFDesocial is a completely decentralized social platform that does not collect any user data. 60% of this fund is used for early participant air drop, 40% for WGF ecological development and team expansion. WGFDesocial ecology will be launched in Q3, All contributors who participated in the early interaction were airdropped.

Interpretation of this information:

WGFDesocial announces that it successfully completed a seed round financing of US $20 million. The funding was led by Dao Venture Capital, which is indicative of WGFDesocial’s potential as a platform in the fintech industry. As stated by Humza Saleem, the co-founder and CEO of the company, WGFDesocial aims to be a completely decentralized social platform that does not collect any user data. This means that the company places a high regard for privacy and security, two critical elements in the fintech industry.

Of the US $20 million seed round funding, it is said that 60% would be allocated for early participant air drops and 40% for WGF ecological development and team expansion. The allocation of funds highlights the company’s vision of building a thriving ecosystem that is not solely focused on the company’s growth but extends to its user’s benefits as well. As such, the company has set aside a significant portion of its funding to reward its early participants through air drops.

The announcement also reveals that the WGFDesocial ecology would be launched in Q3. The platform is poised to offer contributions that encourage participation and contribution from its community. The company’s open approach to decentralization indicates that WGFDesocial looks forward to building a social platform where users’ contributions and participation are recognized and rewarded.

WGFDesocial’s seed round funding and upcoming WGF ecology launch suggest that the company is poised to offer something different, unique, and innovative in the fintech industry. With a focus on decentralization, privacy, and security, WGFDesocial aims to carve out a niche for itself as a platform where users can safely communicate and contribute to a thriving ecosystem.

In conclusion, WGFDesocial’s seed round financing provides insight into the company’s financing and business model. The company’s focus on providing a completely decentralized social platform that does not collect user data aligns with the growing concern for online privacy and security in today’s world. With an upcoming WGF ecology launch in Q3, it would be exciting to see how the company’s community participates and contributes to a thriving ecosystem.