Halo Secures $3M to realize social monetization from investors including IDG Capital, KuCoin Ventures, and Hashkey Capital

Halo(halo.social), a pioneering Web3 social app dedicated to monetizing social influence, has successfully closed the seed round funding, accumulating $3 million in total investments. The investors include IDG Capital, KuCoin Ventures, HashKey Capital, 280 Capital, Frens Syndicate, and other strategic Web3 partners. In addition to these investments, Halo’s growth is further supported by the Cyberport incubation program, which is backed by the Hong Kong government.

“The successful completion of the new round of funding is a testament to Halo’s unwavering commitment to redefining the future of social monetization,” said Jeff Hou, CEO of Halo. “With refined product features and stable revenue generation, the new funding will focus on Halo’s long-term sustainable growth, business expansion, and user acquisition. We aim to enable more Web3 users to get passive income from social networks, empowering them to realize the promise of UBI in the coming AI era.”

Milestones and Achievements

Since October 2023, Halo has positioned itself as a social monetization layer. With the launch of Genesis Pass, Halo attracted users from over 100 countries and established partnerships with top-tier Web3 influencers, achieving a 10-fold increase in user growth. This has enabled Halo to cultivate a flourishing ecosystem in which users contribute content, engage in governance, and form a vibrant Halo community.

Another significant milestone is the upgrade from Halo Genesis Pass to Halo Membership Pass (HMP) in April, 2024. As a crucial credential within the Halo ecosystem, HMP has not only accelerated the monetization of social interactions but also delivered exceptional returns of up to 50% for new HMP minters. Within just two weeks of its launch, the number of core HMP holders surged by 400%, and the trading volume ranked 4th on OpenSea’s 30-day Top Collection on BNB Chain.

Halo has always maintained an open attitude towards ecosystem cooperation, continuously collaborating with outstanding projects in the crypto space to drive innovation and growth in the SocialFi sector. Notably, Halo has partnered with Mocaverse(seeded by Animoca Brands) and KuCoin Exchange to launch the Halo Alliance Program, redefining on-chain identity and fostering growth in the Web3 space. Additionally, with strong support from BNB Chain, Halo has become a top SocialFi platform, empowering and expanding the BNB Chain ecosystem with pioneering advancements in the SocialFi realm.

Future Developments

Looking ahead, Halo is set to unveil its Influencer Badge, designed to empower creators to deepen their connections with their audience while monetizing their social influence in innovative ways. Furthermore, Halo plans to integrate with Farcaster, enabling users to connect directly with Farcaster on Halo and monetize the value of their social influence.

Halo will conduct a public sale and TGE this year. As a community-driven SocialFi platform, Halo will allocate the largest share of 30% to community members through social farming.

For more information, please visit halo.social.

About Halo

Halo(halo.social) is designed to build a revolutionary monetization layer within the SocialFi field. We aim to create a new paradigm of UBI (Universal Basic Income) that grants ownership to everyone. By integrating AI, Web3 DID, and Wallet Aggregator, and implementing decentralized governance, Halo is dedicated to transforming the way social influence is monetized and fostering a system of fair and equitable profit sharing.