Singapore-based company Happy Fair PTE. LTD has unveiled the debut of its web3 social graph, UXUY, which has rapidly gained traction among users worldwide, amassing an impressive user base of 300,000 within just one month of its launch. With a strong focus on social assets and trading, UXUY stands out from traditional web3 social graphs by prioritizing users’ ownership and control over their personal networks and data.
Backed by prominent investors, including Sequoia and Zhenfund, UXUY aims to solve several pressing issues plaguing social networks and asset management. The platform provides a framework where individuals can safeguard, monetize, and optimize their assets while enjoying seamless web2 experiences. By leveraging blockchain technology, UXUY aims to enhance trust in social interactions and address concerns related to the exploitation of users’ social assets by large corporations.
One of the key problems UXUY addresses is the ownership of social data/assets. In the current web2 landscape, users’ social assets are often exploited without proper consent or compensation. UXUY’s decentralized social graph ensures that individuals have full ownership and control over their social data and assets, empowering them to monetize their networks.
To strengthen trust in social interactions, UXUY combines real-world social networks with blockchain technology, enabling transparent and immutable verification of user interactions. This creates a trustworthy environment for users to connect and engage.
UXUY also aims to minimize the entry barriers for web2 users, recognizing the importance of a smooth transition to web3. The platform offers user-friendly wallet, DID, and profile solutions based on existing real social networks. By leveraging familiar interfaces and seamless integration with established platforms, UXUY makes web3 adoption more accessible for web2 users.
Among UXUY’s notable features is the MPC-based wallet, allowing users to log in using their existing web2 accounts and IDS, eliminating concerns about private key management. Web3 DIDs bridge users’ web2 UIDs and their real-world connections, facilitating seamless integration. The platform also empowers users with zero-knowledge social profiles, enabling self-sovereign identity and privacy protection.
UXUY’s founding team consists of experienced engineers and product managers with diverse expertise. Their collective knowledge and technical proficiency position them well to develop innovative solutions and create a user-centric platform in the web3 space. Intending to bring 100 million users into web3 and become a top social-nomics platform, UXUY aims to revolutionize web3 social networking and drive widespread adoption.
