The platform has grown significantly over the past few months, launching its own token, the $WWY, on major exchanges and expanding its value proposition with metaverse solutions. That has allowed WeWay to attract financing quickly: both from investors ($3M) and through its IDO ($800k).
Among the strategic advisors to WeWay, are Yoola and Velas. Yoola is an international media network that helps bloggers grow online and offline. The US-based company is part of the top 5 largest international networks in the world and a leader in the Russian-language video blogging market. As a distribution platform, Yoola focuses on the globalization of content. It partners with creators to extend their global reach and penetrate emerging markets.
Velas on the other hand is a Swiss-based tech firm. It is led by a diverse team of engineers, cryptographers, researchers, mathematicians and results-driven business leaders. Velas is the fastest EVM/eBPF Hybrid Chain mechanism blockchain. It allows building decentralized applications and smart contracts on its main net, which enables the scalability of the transactions, being able to validate up to 50 000+ transactions per second.
Fundraising for WeWay was achieved at breakneck speeds with investors rushing forward in order to take part in the project. WeWay managed to gain $3 Million of investment funding. Furthermore, through the Initial Dex Offering (IDO) managed to achieve $800,000 in a very short time. The intense interest in WeWay makes sense considering the global forecast for the global blockchain market worth is set to be nearly $40 Billion by 2025.
WeWay’s expansion is in full swing after it successfully attracted financing from private investors and through its own tokenomics efforts with the launch of its $WWY token. From a private standpoint, WeWay brought the attention of powerhouse tech incubator BlueZilla, which previously endorsed record-breaking projects such as BSCPad, Tronpad, ETHPad, KCCPad, NFTLaunch, ADAPad, VelasPad, and GameZone.
BlueZilla specializes in helping projects through their entire journey; idea incubation, marketing preparation, and launching. They don’t simply work with everyone, however. Most likely, what attracted the incubator in the first place, was WeWay’s innovative nature and its clear value proposition.
On the other hand, WeWay’s recent success has also enabled it to launch its token, $WWY, on the most popular DEX exchanges: PancakeSwap, WagyuSwap, UniSwap, and more. It went public on January 11th, with an initial circulating supply of 16,000,000 $WWY. So far, the token has raised $800k from more than 6,7k users that believed in the project.
Talking about this success, CEO and co-founder of WeWay, Fuad Fatullaev, noted:
“The content creator economy is growing and, more importantly, evolving. What worked two years ago isn’t what creators and fans look for in this new ecosystem. Social interactivity, engagement, and tech solutions are hot trends that need to be listened to and acted upon. And our recent financing rounds have proven that our proposition is solid. We are building WeWay as an all-inclusive platform where all creators and fans’ are the priority.”
The platform’s value proposition is simple. In an increasingly digitized world, all experiences are moving online; they’re bound to. The interactions that fans have with their idols are no exception. To date, over 150 of the top influencers from across the world have joined the project. One can call WeWay a leading destination for influencers.
This is not all, however. The platform is creating a Metaverse space – the WeWay City, which is meant to be filled with “content and experiences” created by its users, both individuals and organizations. The WeWay City will be like a digital twin of our already social media usage-heavy lives. As the company envisages, in WeWay City:
“…creators will promote their ideas to critics, investors and producers anywhere: at an event, in a gallery, during a stream. The Metaverse will open up new networking opportunities for all parties. Young talent will know where to look for support, and experienced agents will know where to look for young talents.”
They’re right. At the moment, especially in the age of COVID-19, networking opportunities are limited. Young artists being able to showcase their skills in the Metaverse is the right step forward. Through NFTs, artists will also be able to monetize their content in ways that were unavailable to them before.
“NFTs, or non-fungible tokens, can be used as a democratic way to monetize content. Thanks to the security and transparency of NFT and blockchain technology, it has become incredibly popular with collectors and investors alike over the past year. Many celebrities have already created their own NFTs, selling them for millions of dollars and we want to provide that kind of ownership and potentiality to WeWay”, says Bohdan Prylepa, СТО, and co-founder of WeWay.
WeWay’s success can be a lesson in persistence and innovative approach to crypto companies out there. Find a solution to an existing problem and sell it well. WeWay is leading the way in Metaverse-based solutions for fan experiences worldwide. It is only the beginning – the concept of the Metaverse was only brought to the fore by Mark Zuckerberg only recently, after all!