SoMon, a decentralized Web3 forum designed to foster user-owned content and connections, has recently launched its application on Base, achieving a remarkable milestone with over 300,000 on-chain transactions within just 14 days. This rapid growth has positioned SoMon as the most active and fastest-growing social application in the Web3 space.
Known as Social Monster, SoMon empowers users to monetize their interactions and create communities, referred to as Tribes, centered around their favorite topics, passions, creators, and fandoms. It stands out as the first application built on the OpenSocial Protocol, which is a composable infrastructure layer for developing social applications. Moreover, it is the pioneering Web3 social app that operates without gas fees, significantly lowering entry barriers and appealing to users beyond the traditional crypto community.
Rapid Growth and User Engagement
Launched on June 19, 2024, the mobile app has seen impressive adoption, with over 30,000 on-chain registrations in just two weeks. The user base has been expanding swiftly, with more than 80,000 users generating over 2 million social engagements across 300+ different Tribes. This rapid growth highlights the platform’s appeal and effectiveness in creating a user-driven social space.
Sean Tao, CEO and Co-Founder of SoMon, emphasized that the platform’s core philosophy is centered around community-driven development. Instead of creating communities for users, SoMon enables users to build and curate their own communities, allowing them to connect with others while benefiting from their social contributions. This approach ensures that users have control over their social experiences and can reap the rewards of their efforts.
Innovative Features and Monetization
Following the release of a new feature on July 17, 2024, SoMon users began minting their own Tribes using various tools and fragmented ownership powered by NFT technology. This feature allows users to create content and monetize it through a tool called Megaphone, which enables users to pay for promotional visibility. The revenue generated through Megaphone is then redistributed to Tribe owners and stakeholders, creating a decentralized and equitable monetization model.
SoMon is currently in its first season, which will conclude on July 31, 2024. During this period, users compete to gain points through interactions and earn badges by progressing through different leagues. At the end of the season, SoMon plans to officially launch its community token, $OwO. The token will be airdropped to the community, with the first airdrop releasing 3% of its total supply on August 1, 2024, and an additional 1% for subsequent seasons.
Future Directions and Community Activation
Looking ahead, SoMon is focused on activating the community economy through the Tribe Summer campaign, encouraging users to create and engage with their bot-free communities. This campaign aims to enhance user interaction and solidify SoMon’s position as a leading platform in the Web3 social space.
In conclusion, SoMon is revolutionizing the Web3 social landscape by offering a decentralized, user-centric platform that empowers individuals to create and monetize their communities. Its innovative approach, rapid growth, and strong user engagement underscore its potential to transform social interactions within the Web3 ecosystem. As SoMon continues to evolve and introduce new features, it is poised to become a cornerstone of user-owned social media, fostering a vibrant and dynamic community.