MeWe, a decentralized social network operating on the Polkadot blockchain, has launched a Regulation CF (Reg-CF) community investment round on Wefunder, allowing its 20 million users to own a financial stake in the company. Through Wefunder, individual investors can directly invest in startup companies, with MeWe users able to participate in the company’s success for as little as $100.

With a user base spanning over 20 million across 200 countries and territories, and more than 740,000 already active on the blockchain, MeWe aims to lead the transition from Web2 to Web3 on a large scale. By leveraging the vast market potential of social networks and the substantial volume of Web3 transactions, estimated at $1 trillion, MeWe seeks to revolutionize the digital landscape.

By the fourth quarter of 2024, MeWe anticipates surpassing 1.5 million users on-chain. The migration to blockchain technology is designed to provide users with unparalleled privacy, control, and ownership of their digital identities and social interactions.

MeWe’s Chairman and CEO, Jeffrey Edell, expressed the company’s vision for user ownership and decentralized social media. He stated, “Years ago, we envisioned a powerful alternative to Big Tech social media, without the influence of corporations or data brokers, where individuals could own and control their own digital identities and social experiences. As we enter this next chapter, we’re offering our users an opportunity to own a personal stake in the future of MeWe and decentralized social media.”

MeWe’s team is led by accomplished executives from renowned companies such as Disney, Apple, Yahoo!, 21st Century Fox, Myspace, Warner Bros, and Samsung. In February 2022, the company closed a $24 million Series A round led by McCourt Global.

Investment in MeWe is open to everyone, starting from $100 and going up to $500,000 or more through their WeFunder page.

MeWe is a social network prioritizing privacy and empowering users to control their data and social media experience. The company introduced a “Privacy Bill of Rights,” ensuring users have control over their data and news feeds. MeWe offers features like joining groups, engaging with friends, and complete user control without ads or algorithms. With over 20 million users globally and unique features such as the MeWe 2-way camera and voice & video messaging, the platform hosts over 700,000 user-driven interest groups.

MeWe has received recognition, being a Finalist in the 2024 SXSW Innovation Awards, named a 2020 Most Innovative Social Media Company by Fast Company, and recognized as a 2019 Best Entrepreneurial Company in America by Entrepreneur Magazine. In 2016, MeWe was honored as a Start-Up of the Year Finalist for “Innovative World Technology” at SXSW.

For further inquiries, you can contact MeWe’s SVP of Marketing, Michael Huntsman, at michael@mewe.com or 415-696-0098.