BBS Network Raises $1.5M in Seed Funding


Bulletin Board System (BBS) Network, a Singapore-based decentralized Web3.0 public network of user-run online message boards, raised $1.5M in seed funding.  

Binance Labs, the venture capital and incubation arm of Binance, led the round, with participation from DCG (Digital Currency Group), Polychain Capital GPs, Node Capital, NFX, and DAO Maker.

The investment will enable the company to focus on building and launching new features such as Native App, Search Engine, and Cross-BBS Authentication.

Led by Eyal Hertzog, Founder and CEO, BBS Network is a SocialFi project that enables content sharing to reward creators, curators and other stakeholders with its own native token. Revenue generated by the platform is shared across all BBS ecosystem participants in a fully automated, transparent and market-driven manner.

As a decentralized social network, every post on BBS will be minted into an NFT for value transfer, and BBS will also leverage an NFT Bidding Model, which enables anyone to purchase the ad space real-estate of any post (NFT) across the network at transparent prices.