beoble

Beoble positions itself as a communication infrastructure and ecosystem tailored for the Web 3.0 environment, enabling users to engage in wallet-to-wallet messaging. The company was founded in 2021 by Sungmin Cho, Chanhyeok Yim, and Jungwoo Yun. The founding team possesses experience from companies such as Citadel, Goldman Sachs, Meta, Microsoft, and JP Morgan. CEO Sung Min Cho's background includes roles in software engineering and as a founder of a game startup, which aligns with Beoble's focus on creating an engaging, user-owned platform.

The platform operates on a dual model, functioning as both a direct-to-user application and an infrastructure provider for other decentralized applications (dApps). As a user-facing platform, Beoble offers a web-based chat application featuring end-to-end encryption, allowing users to communicate directly and securely via their crypto wallets. For developers and other Web 3.0 services, Beoble provides a software development kit (SDK) and application programming interfaces (APIs) that allow for the integration of social functionalities, such as messaging and decentralized identity (DID) profiles, into their own applications within minutes. This B2B offering aims to improve user retention and in-app engagement for its clients.

Beoble's business model is rooted in the burgeoning SocialFi landscape. Revenue and user engagement are driven by its native utility token, BBL, which has a total supply of 1 billion. Users earn points through active participation—such as messaging, completing tasks, and referring others—which can be converted into BBL tokens. These tokens can then be used for in-app purchases, accessing premium features, paying for transaction fees, or participating in the platform's governance. The platform also generates revenue from chatroom entrance fees, which are then distributed equitably among the active members of that chatroom, creating a community-centric economy. The company has successfully raised $10 million in funding from investors including Samsung, Hashkey Capital, and Digital Currency Group (DCG).

The product is designed to provide a user experience comparable to Web 2.0 messaging apps while maintaining the security and privacy principles of Web3. Key features include token-gated and transaction-gated chatrooms, which allow communities to set specific entry requirements based on token ownership or on-chain activity. The platform supports multi-chain data connectivity, integrating with blockchains like Ethereum and Polygon to enable features such as NFT profile pictures and stickers. Beoble also offers a unique social feed that allows users to follow the on-chain activities of others, fostering a more interconnected community.

Keywords: Web3 messaging, wallet-to-wallet chat, decentralized communication, SocialFi, crypto chat, BBL token, blockchain social media, decentralized identity, token-gated communities, dApp integration, social graph, end-to-end encrypted messaging, Sungmin Cho, Chanhyeok Yim, Jungwoo Yun, crypto community platform, social token, user-owned social network, chat API for dApps, on-chain social interaction