Halo (HaloHalo.social), a pioneering Web3 social app dedicated to monetizing social influence, has successfully closed its seed round funding, accumulating $3 million in total investments.

** IDG Capital **, ** KuCoin Ventures **, ** HashKey Capital **, and other strategic Web3 partners have backed this innovative platform. Additionally, the Hong Kong government's Cyberport incubation program further supports Halo's growth.

A Testament to Commitment

"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'sHalo'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."

Rapid Growth and Milestones

Since October 2023, HaloHalo has positioned itself as a social monetization layer. With the launch of Genesis Pass, HaloHalo attracted users from over 100 countries and established partnerships with top-tier Web3 influencers, achieving a tenfold increase in user growth.

HaloHalo has cultivated a flourishing ecosystem where 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 accelerated social interaction monetization and delivered exceptional returns of up to 50% for new HMP minters.

Within 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.

Strategic Collaborations

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 social sector.

HaloHalo 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 solid support from BNB Chain, HaloHalo has become a top SocialFi platform, empowering and expanding the BNB Chain ecosystem with pioneering advancements in the SocialFi realm.

Future Plans

Looking ahead, HaloHalo is set to unveil its Influencer Badge, designed to empower creators to deepen their connections with their audience while innovatively monetizing their social influence.

Furthermore, HaloHalo 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, HaloHalo will allocate the largest share, 30%, to community members through social farming.