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Uhive Social Network Raises $2.3 Million to Launch its Beta App in Q4

September 12, 2019
Uhive Social Network Raises $2.3 Million to Launch its Beta App in Q4
Uhive Social Network Raises $2.3 Million to Launch its Beta App in Q4

LONDON--(BUSINESS WIRE)--Sep 12, 2019--

Having raised $2.3 million in funding, garnered 50,000 early-access users, and distributed millions of units of its digital currency, the new social network’s creators are keen to launch Uhive by Q4 of this year. With a huge amount of interest being paid right now to blockchain-based startups, social media and its users’ privacy, the team behind Uhive are predicting a lot of attention will be paid to the startup, which was designed to tackle these issues head-on, while also delivering a brand new experience for users.

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Uhive Social Network Raises $2.3 Million to Launch its Beta App in Q4 (Photo: Business Wire)

Jay El-Anis Uhive’s marketing manager notes that; “We’re a social network launching with our own digital currency right after Facebook announced Libra. That’s actually a blessing because Uhive was built on the foundation of a decentralized digital economy powered by our own currency [Uhive Token]. The more people taking notice of Facebook and Libra mean more attention for startups such as Uhive that are operating in the same space.”

Uhive plans to meet expectations with a slick new layout and innovative features, like giving users the ability to explore a spatial map of interests and profiles, which share and post similar content. These interests (26 in total) will range from anime, comics, beauty, makeup, sport, all the way through to art and architecture with personalized content pushed to users based on the spaces and profiles they interact with. A powerful AI engine will recognize influencers and trending topics, and share this content with users who have previously explored these interests.

Uhive will also launch with a “Grey World” which will allow users the option to create imaginative, fictional profiles and interact anonymously with other like-minded users.

The UK startup shares 30% of its advertising revenue with users based on their engagement and activity, meaning that users are actively rewarded for their use of the social network.

The app is also future-proofing itself by being compatible with VR technology, meaning that in the not-so distant future users will be able to explore the world of Uhive with technologies such as Oculus, Vive, Playstation VR, and others,

Uhive’s global launch date is set for early 2020, and will be releasing its beta in November.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190912005469/en/

CONTACT: Jay El-Anis

Email:jay@uhive.com

KEYWORD: UNITED KINGDOM EUROPE

INDUSTRY KEYWORD: MOBILE/WIRELESS TECHNOLOGY SOCIAL MEDIA AUDIO/VIDEO VENTURE CAPITAL PROFESSIONAL SERVICES OTHER COMMUNICATIONS MARKETING INTERNET COMMUNICATIONS

SOURCE: Uhive

Copyright Business Wire 2019.

PUB: 09/12/2019 07:16 AM/DISC: 09/12/2019 07:16 AM

http://www.businesswire.com/news/home/20190912005469/en

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