This startup operates a crypto-backed social club for Web3 artists and creators, utilizing token membership structures to grant governance and access to exclusive digital assets and events. By enabling direct support for creators through token-gated experiences, it fosters a collaborative environment that enhances community engagement and monetization opportunities.
Funding
$13M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Web3 artists and creators often struggle to build sustainable communities and monetize their work directly due to the fragmented nature of online platforms and the lack of community ownership. Traditional social networks do not adequately reward creators or provide tools for community governance and funding.
Solution
Friends With Benefits (FWB) is a decentralized autonomous organization (DAO) that functions as a crypto-backed social network, enabling creatives and builders to collectively fund, govern, and co-own community endeavors. By requiring members to hold $FWB tokens, the platform grants access to exclusive digital assets, events, and governance rights, fostering a collaborative environment. This token-gated membership model allows for direct support of creators, enhanced community engagement, and new monetization opportunities within a decentralized framework. The platform aims to create a better internet by empowering its members to shape the community's direction and share in its success.
Target Audience
The primary audience includes Web3 artists, creators, developers, and enthusiasts who are seeking a collaborative, community-owned social network with opportunities for direct support and shared governance.
Features
- Token-gated access to a social network for creatives and builders, requiring a minimum holding of $FWB tokens.
- Decentralized governance through the $FWB token, allowing members to vote on community initiatives and proposals.
- Exclusive access to digital assets and online/IRL events, fostering a strong sense of community and shared experience.
- A 24/7 Discord server with channels focused on culture, crypto, and other relevant topics.
- An editorial platform publishing original content on decentralized technology and its cultural impact.