Memebook, a social app built on the Solana blockchain, has completed a $1 million seed funding round, according to ChainCatcher. TOF Ventures is the investor in the round. The application is designed as an Instagram-like social product for the Solana ecosystem: users can register with their Solana wallet right on the app, then share photos, videos, and text posts. Behind that flow sits a wallet-based identity verification system, and the app separately provides verification tailored to Solana Mobile users as well as to holders of other Solana wallets. Beyond the $1 million headline amount, the report did not disclose additional terms of the investment.
Memebook, a social application built on Solana and modeled after Instagram, has closed a $1 million seed round, with TOF Ventures as the investor, according to ChainCatcher.
The app lets users register straight from a Solana wallet, then share photos, videos, and text posts. Identity verification runs on the wallet itself, and a separate verification layer covers Solana Mobile devices and users holding other Solana wallets.
Beyond the headline amount, the report did not disclose additional terms of the deal.
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