Friends With Benefits DAO Releases Social Networking App

The new application will allow FWB members to connect with each other, read governance proposals and discover in-person events.

AccessTimeIconFeb 10, 2023 at 10:07 p.m. UTC
Updated Feb 10, 2023 at 10:32 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Popular decentralized autonomous organization (DAO) Friends With Benefits (FWB) is rolling out a social networking application, the group announced Thursday on Twitter.

FWB launched in 2021 with the goal of building a social community enthusiastic about Web3 adoption and education, as well as hosting local in-person meetups. In September 2021 it raised $10 million led by crypto venture firm a16z to build out its global community on 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. FWB said in a blog post that the app aims to build genuine relationships by allowing members to connect with each other, read governance proposals and discover upcoming in-person events.

“Our social platform isn’t meant to onboard millions of users as quickly as possible; instead, it is a human-scaled piece of software that optimizes 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 is about $800.

You can apply to join the FWB community through its website. According to the organization, the community is made up of over 3,000 engaged members so far.

In addition to launching its social platform, the organization is also voting on a number of in-person social initiatives, including the 2023 production of its popular music and arts gathering FWB FEST.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Cam Thompson

Cam Thompson was a news reporter at CoinDesk.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.