Web3 social media platform Phaver has raised $7 million in seed funding. 

Investors in the round included Polygon Ventures, Nomad Capital, Symbolic Capital, dao5, Foresight Ventures, Alphanonce, f.actor, Superhero Capital and others, according to a statement.

Phaver offers a mobile app that allows users to onboard into the crypto space without needing a crypto wallet. The firm allows individuals to use their email or existing social media and then create a web3 wallet later on, where they can display digital assets such as NFTs or connect to other social blockchain networks such as Lens.

On-chain social layers

"Phaver’s mission is to connect the entire web3 by allowing users to bring in their own building blocks for their social graph, whether that means building credibility with …