Web3 social app Kiosk raises $10 million in funding led by Electric Capital

BlockBeats news, on May 6, Kiosk, a Web3 social application based on Farcaster that integrates blockchain and e-commerce, announced the completion of a $10 million financing round, led by Electric Capital, with participation from a16z Crypto, USV, and Variant Fund.

Kiosk believes that on-chain assets are fundamentally social. Social media clients that create feedback loops between assets and the communities that support them will improve web3 for everyone and bring in the next wave of major users.