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SoMee - Undisclosed
Overview
Funding Date
August 26, 2022
Financing amount
$50M
Valuation
--
Catagory
Subcategory
About SoMee - Undisclosed
The unicorn backing comes from GEM Digital Limited, a digital asset investment group who has committed $50 million via a Token Subscription Facility into $SME.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | Bahamas | -- | 11 | -- |
Founders & Team
Christopher Kramer
Phillip Rumple
Company Profile / Project Introduction
SoMee received start up grants from IBM and AWS early on for their blockchain-augmented social media platform that prioritizes user privacy and autonomy. SoMee doesn't share user information without permission, and its users' posts on SoMee are safe, secure, and owned by each individual. Additionally, strong incentives are built to encourage user interactions and quality content to cultivate strong community building and a safe social environment. SoMee.Social provides several avenues for earning rewards, starting with content monetization, and reward earning options for active participation in the community or for sharing your data if you choose to do so on the advertising marketplace.
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). In addition, users can boost their earnings potential on the network with Power Boost packages, which extend their $SME earnings and their $HBD earnings on the Hive network.