DeSo-Backed SocialFi App Focus: A $20 Million Breakthrough

DeSo, a team backed by prominent investors like Coinbase, Sequoia, and a16z, has unveiled Focus, a pioneering SocialFi application designed to transform the social media and creator economy landscape. This revolutionary app has swiftly raised $20 million in under 24 hours, signaling a major shift in the trillion-dollar social media market.

Revolutionizing Social Media and Creator Economy

Focus stands out as a decentralized SocialFi app that merges the best features of popular subscription platforms like Patreon, OnlyFans, and other billion-dollar social entities into a single, cohesive application. Its development on the DeSo blockchain introduces innovative, crypto-native monetization features that outpace traditional Web2 platforms.

Under the guidance of Nader Al-Naji, Focus epitomizes decentralization, operating without any corporate entity, solely driven by its underlying technology. Al-Naji emphasizes the potential of decentralized social media to challenge existing giants and encourages embracing this new technological wave.

Focus introduces unique monetization mechanisms such as paid reposts, paid messages, unlockable content, and direct investment in creators through Creator Coins. Leveraging the DeSo blockchain’s low transaction costs, the app supports a variety of cryptocurrencies, including USDC, Bitcoin, Ethereum, Solana, DeSo, and its native Focus tokens.

Al-Naji’s vision for DeSo and Focus is clear: establish a scalable, decentralized base to showcase the powerful advantages of this new technology. Focus not only offers innovative content mechanics but also democratizes distribution by channeling all fees directly to FOCUS token holders, a stark contrast to traditional social network models.

Focus introduces The Social Airdrop, a unique model rewarding users based on their influence on external social networks. This model offers bonuses in FOCUS tokens proportional to users’ social reach, incentivizing widespread participation and referral.

Prospective users have until January 18th to reserve tokens and earn a 100% bonus in FOCUS tokens. This bonus opportunity decreases weekly until the app’s official launch, offering early adopters a significant advantage.

Focus, with its decentralized framework, innovative monetization strategies, and focus on empowering creators, stands poised to redefine the social media and creator economy. Its rapid fundraising success and broad support from industry leaders signal a bright future for this transformative SocialFi app.