According to ChainCatcher, Web3 social protocol Phaver has completed a $7 million financing round, with participation from Polygon Ventures, Nomad Capital, Symbolic Capital, dao5, Foresight Ventures, Alphanonce, f.actor and Superhero Capital.

It is reported that the new funds will be used to expand the team size as well as product development and other partnerships. Phaver aims to help users join Web3 social platforms more easily and provide a Web3 entry experience similar to existing social platforms. Phaver has integrated its technology or "social graph" with the decentralized social network ecosystem Lens Protocol and the Web3 social network Cyber​​Connect.