MeWe, the decentralized social network operating on Polkadot, has initiated a Regulation CF (Reg-CF) community investment round through WeFunder, extending the opportunity to its expansive user base of over 20 million individuals. Leveraging WeFunder's prominent position in the Reg-CF space, this move enables individual investors to directly participate in supporting startup ventures, with ownership stakes available starting from $100.

With a global presence spanning 200 countries and territories and boasting a blockchain-active user base exceeding 740,000, MeWe is poised to spearhead the transition from Web2 to Web3 on a large scale. By merging the vast market potential of social networks with the substantial transaction volume of Web3, estimated at $1 trillion, MeWe aims to pioneer a paradigm shift in the digital landscape.

Anticipating a significant milestone, MeWe projects to onboard more than 1.5 million users onto its blockchain platform by the fourth quarter of 2024. This migration is designed to offer users unparalleled levels of privacy, autonomy, and ownership over their digital identities and social interactions.

Jeffrey Edell, Chairman and CEO of MeWe, remarked, “We've launched a community investment round on Wefunder to elevate user ownership to new heights. Years ago, we envisioned a compelling alternative to Big Tech social media, free from corporate influence or data brokerage, where individuals could assert ownership and control over their digital presence and social engagements. As we embark on this next phase, we extend to our users an opportunity to claim a personal stake in the future of MeWe and decentralized social media.”

The MeWe team comprises seasoned executives hailing from prestigious entities such as Disney, Apple, Yahoo!, 21st Century Fox, Myspace, Warner Bros, and Samsung. Previously, the company successfully concluded a $24 million Series A funding round in February 2022, spearheaded by McCourt Global.

About MeWe
MeWe stands as a beacon in the realm of social networking, prioritizing privacy and empowering users with greater control over their data and social media interactions. Enshrined within its framework is a groundbreaking "Privacy Bill of Rights," guaranteeing users sovereignty over their data and news feeds. MeWe facilitates group interactions, fosters connections with friends, and places users firmly in the driver's seat, devoid of ads or algorithmic manipulation. With a user base exceeding 20 million worldwide and innovative features such as the MeWe 2-way camera and voice & video messaging, MeWe hosts over 700,000 user-driven interest groups.

The platform has garnered accolades including being named a Finalist in the 2024 SXSW Innovation Awards, recognized as a 2020 Most Innovative Social Media Company by Fast Company, and honored as a 2019 Best Entrepreneurial Company in America by Entrepreneur Magazine. Additionally, MeWe was a Start-Up of the Year Finalist for "Innovative World Technology" at SXSW in 2016.