Social networking meets crypto trading. Here's Atem Network, a Singapore-based Web3 social startup that just raised a $3M seed, led by INCE Capital.

Who else cashed in? GSR Ventures, Mask Network, Mirana Ventures, A&T Capital, Atlas Capital, Foresight Ventures, Zonff Partners and Michael Zhang (Zhihu co-founder).

👾 How it works

Groupies. Like chat groups, Atem creates group spaces for users based on mutual tokens or NFTs.

• You'll also be able to make your own group channels.
• Atem will connect to your wallet to understand what crypto assets you own.
  

Time to trade. It allows you to chat with users from groups and trade crypto within the chat too! Forget going to another website or exchange to trade.

• Trades are secure and done through APIs and smart contracts.
  

User-owned. Only token/NFT-holders per group can join and speak in the community. (Bye, scammers!)

• Everything's under DAO governance, so group members co-decide on topics like group name, colors and rules.
  

Own your data. The only user data will be from your wallet and public chain data. Plus, all your chats will be end-to-end encrypted.

Social. By interacting with other users on Atem, you'll create a personal "social graph."

• Social graphs will power recommendations for group spaces and channels on Atem.
• In the future, it looks to build "social portraits" by transferring and unifying on-chain data on users from multiple platforms, including Atem and its social graph.
  

👉🏼 What's next?

It's looking to release its beta product for its chat product and will be offering 5,000 limited-edition NFT passports.

• By the end of the year, it hopes to have over 50,000 MAU, over $1M in monthly volume and built its on-chain social graph.