Bit Islands, the team behind the innovative decentralized social trading protocol Bi.social, has successfully closed a funding round, securing $3 million from prominent investors.
Web3Vision, WAGMi Ventures, and QF Capital participated in this funding initiative, signaling confidence in the platform’s potential for growth and innovation.
The newly acquired capital will be instrumental in further advancing the development of Bi.social and introducing new features to enhance the social trading experience for users.
Bi.social stands out as a pioneering Web3 social trading platform, offering users the ability to discover trading signals, follow experienced traders, and participate in trading activities through decentralized social trading applications.
With a user base exceeding 390,000 wallet logins and over 16,000 creators contributing more than 180,000 pieces of content, Bi.social has become a hub for crypto investment opportunities. The platform covers insights on over 10,000 cryptocurrencies, facilitating over 3.7 million user interactions. Moreover, the issuance of Bi DID identity NFTs has surpassed 260,000, highlighting the platform’s growing popularity and adoption.
To incentivize user engagement, Bi.social has introduced the vBIS points system, rewarding users for interacting with high-quality content. The platform has witnessed significant user participation, with over 314 million vBIS points rewards claimed to date, underscoring the active engagement of the Bi.social community.
With the infusion of fresh capital and ongoing development efforts, Bi.social is poised to further solidify its position as a leading decentralized social trading platform, offering users innovative tools and opportunities to engage in the dynamic world of cryptocurrency trading within a social context.
