The popular decentralized autonomous organization (DAO) Friends With Benefits (FWB) is launching a social networking app, the group announced Thursday on Twitter.
Launched in 2021, FWB aims to build a social community passionate about Web3 adoption and education, and host local face-to-face meetups. In September 2021, it raised a $10 million round led by cryptocurrency venture capital firm a16z to build its global community both online and offline.
While FWB built its initial community through a token-gated channel on Discord, its app will help streamline communication through a decentralized, members-only platform. In a blog post, FWB said the app aims to build genuine relationships by allowing members to connect with each other, read governance advice and discover upcoming in-person events.
"Our social platform isn't about reaching millions of users as quickly as possible; rather, it's a human piece of software optimized for positive group dynamics, digital socializing, meaning making and hanging out," FWB said on Twitter.
To join the app, community members must hold 75 FWB tokens, the community’s native cryptocurrency, which equals approximately $800.
You can apply to join the FWB community through their website. So far, the community consists of more than 3,000 participating members, according to the organization.
In addition to launching its social platform, the group is also voting on a number of in-person networking events, including making its popular music and arts gathering, FWB FEST, in 2023.
