Wormhole3 has successfully launched its alpha version (ver0.4), securing the position of the second-largest dApp on the Steem social blockchain. Since 2018, the team at Wormhole3 has been dedicatedly developing blockchain-based social applications, culminating in the release of WhereIN on the Steem blockchain in January 2019. In 2020, they introduced Peanut, a staking DAO, and followed up with Nutbox, a staking DAO creation platform, the following year.

Shortly after its launch, the total value locked (TVL) surged to $36 million. Currently, Wormhole3 blends DAO with Social to explore Web3 social networking from a unique perspective.

Initially, Wormhole3 chose to support the Steem blockchain due to its numerous features, including multi-level accounts, third-party application payment gas fees, and decentralized account authorization. This integration connects Web2 platforms like Twitter to the Steem blockchain, allowing Web2 users to seamlessly transition into the crypto sphere and attract a broader user base.

With a single login to Wormhole3, Web2 users can send tweets and instructions to the chain, store their social content on the Steem blockchain, and transfer cryptocurrency. Rewards can be earned from platforms such as BSC, Polygon, and Moonbeam.

Wormhole3's primary focus is on supporting the Steem blockchain initially, with plans to potentially support other social protocols like Lens Protocol or Nostr in the future, serving as a gateway for Web2 social users to enter the crypto arena. Users logging into Wormhole3 can conveniently post tweets on-chain and to various on-chain groups. Additionally, users can tip cryptocurrency on the Wormhole page, and those curating posts on the Wormhole3 Curated page will receive rewards allocated upon completion, delivered to the user’s wallet page. The curator with the curation creation NFT can quote any tweet and create a curation, allowing others to reply and earn cryptocurrency rewards.