MeWe, a decentralized social network built on the Polkadot blockchain, has launched a Regulation CF (Reg-CF) investment round on Wefunder, allowing its community of over 20 million users to invest directly in the company. Through Wefunder, a leading platform for Reg-CF investments, individual investors can now own a stake in MeWe's success, with a minimum investment of just $100.

With over 20 million registered users across 200 countries and territories, and over 740,000 already active on the blockchain, MeWe is pioneering the move from Web2 to Web3 at a massive scale. By migrating its user base to the "Social Web," also known as Web3, MeWe is elevating user control and privacy to unprecedented levels.

The migration to Web3 represents a significant opportunity for MeWe, combining the tremendous market potential of social networks with the sizable volume of Web3 transactions – an estimated $1T opportunity. MeWe expects to have more than 1.5 million users on-chain by the fourth quarter of 2024, offering users unparalleled privacy, control, and ownership of their digital identities and social experiences.

MeWe's Chairman and CEO, Jeffrey Edell, expressed the company's commitment to user-ownership and decentralization: "We've opened a community investment round on Wefunder to take user-ownership to the next level. Years ago, we envisioned a powerful alternative to Big Tech social media, without the influence of corporations or data brokers, where individuals could own and control their own digital identities and social experiences. As we enter this next chapter, we're offering our users an opportunity to own a personal stake in the future of MeWe and decentralized social media."

The company's team is led by pioneering executives from industry giants such as Disney, Apple, Yahoo!, 21st Century Fox, Myspace, Warner Bros, and Samsung. MeWe previously closed a $24 million Series A round in February 2022, led by McCourt Global.

By leveraging the power of blockchain technology and decentralization, MeWe is poised to revolutionize the social media landscape, putting user privacy and control at the forefront. The community investment round on Wefunder presents a unique opportunity for MeWe's users to play an active role in shaping the future of decentralized social media.