According to PANews, the Web3 social application Kiosk, based on Farcaster, recently announced that it has successfully raised $10 million in funding. The investment round was led by Electric Capital, with participation from a16z Crypto, USV, and Variant Fund.
Kiosk aims to facilitate community building and commerce within applications, enabling creators to establish communities, share rich media content, mint NFTs, interact with like-minded individuals, and seamlessly customize channel economies. The application emphasizes the integration of on-chain assets into social interactions, envisioning a more inclusive and interconnected Web3 experience.
The application merges blockchain and e-commerce, providing a unique platform for creators and users alike. This funding will likely aid in the further development and expansion of Kiosk, allowing it to continue its mission of creating a more inclusive and interconnected Web3 experience.