MH Ventures, a boutique full service venture capital firm in the blockchain, cryptocurrency & web3 space, has announced participation in pre-seed round funding for Suptho, a geo-based social app that allows users to explore and interact with their surroundings virtually and through IRL experiences.
The Suptho team plans to use the funds raised to accelerate the development of their ecosystem and bolster their marketing efforts.
Lincoln, Partner at MH Ventures, said, "We feel that Suptho as a geo-based social app that connects digital and physical experiences, starting with NFT and a few Web2 communities, the app allows users to create and join their own digital ecosystems centered on in-person events. Suptho employs tokenomics to encourage users to step away from their phones and into the real world. With the incredible growth and immersion of social media into the daily lives of society, we strongly believe that Suptho and similar apps will be the future of SocialFi."
Sean Lattimore Jr, the co-founder and CEO of Suptho, said, "From day one of meeting Lincoln, MH Ventures has provided massive value for us with strategic introductions and industry insights. We are honored to have MH Ventures as part of our team, and we appreciate them believing in the Suptho Vision at such an early stage."
Suptho is a location-based social app that encourages users to interact with their communities in both the virtual and physical worlds. The app uses a token economy to reward users for their contributions, encouraging them to keep coming back and engaging with the app. This makes Suptho a great tool for building strong communities and fostering engagement.
WAVE is the social utility token of the Suptho app, acting as a transfer of value through social gestures. Connect with other users, like posts, incentive for network value adds.
MH Venture has teamed up with some of the most well-known names in the crypto and blockchain industries, including Lend, magpie, Web3PORT, Sonic Wallet, SmartToken Labs, Decaf, Tatsumeeko, WINCAST, etc. They are passionate about investing in and supporting disruptive technologies and the people behind them. Their mission is to identify and invest in the best projects that have the potential to change the world for the better.
Suptho is a location-based social app that lets you explore your surroundings virtually and physically. It is powered by a token economy, which rewards users for their contributions to the community. This incentive system encourages users to be active and engaged members of their community, both online and offline.
For more information about Suptho, click here.