Web3 social company Phaver receives $7 million in early financing

Phaver is a smartphone software that facilitates entry into the cryptocurrency market without the need of a cryptocurrency wallet.

A statement said that Polygon Ventures, Nomad Capital, Symbolic Capital, dao5, Foresight Ventures, Alphanonce, f.actor, Superhero Capital, and other firms took part in the round.

Phaver is a smartphone software that facilitates entry into the cryptocurrency ecosystem without the usage of a cryptocurrency wallet. Users may sign up with the company using their current email or social media accounts and then establish a web3 wallet to show off their NFTs and other digital assets and connect with other social blockchain networks.

Phaver CEO Joonatan Lintala said in a statement, “Phaver’s mission is to connect the entire web3 by allowing users to bring in their own building blocks for their social graph.” These building blocks could include a decentralized ID, a shared interest in collecting, or on-chain social layers like Lens.

“It’s only fair that users, who now own important parts of the social network, get a say in big choices and get their fair share of the pie.” Lens, a blockchain mainnet supporting web3 social sites, was the first launch platform for Phaver in 2022.

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