📰 Tribes launches social wallets, raises $3.3M from Kindred Ventures, South Park Commons and Script Capital

Tribes is pivoting!

We've got some exciting news to share with you all! After much consideration, we've decided to pivot our focus and embark on a new adventure. But before we dive into the details, let's take a quick trip down memory lane.

Tribes was founded in 2021 with the vision of revolutionizing how people communicate and manage digital assets. We have been at the forefront of Web3-native messaging and group wallet consumer apps. Our platform made it seamless for users to co-own and manage digital assets while enjoying direct communication within the wallet itself - a true blend of convenience and innovation. It's been an incredible journey, and we've learned so much along the way.

However, the winds of change are blowing, guiding us towards uncharted territories. After much reflection and analysis, we've decided to pivot from our original path. We're transitioning from a messaging app to constructing a groundbreaking open decentralized database protocol.

Why the pivot, you ask? The truth is, while we poured our hearts into the messaging app, the Web3 messaging space has yet to blossom into the vibrant ecosystem we envisioned. Despite our best efforts, the allure of Web2 messaging apps remains strong, with current web3 solutions either battling spam, NFT farmers, or catering to a niche too small for sustainable growth.

Enter our new mission: to democratize data storage and sovereignty. We're crafting a protocol that rewards individuals for hosting data. Developers will gain access to a fortress of security for storing data, complete with end-to-end encryption. And let's not forget the users—they'll have unparalleled control over their data, deciding who gets access and even finding ways to monetize it.

We're not just excited; this pivot's possibilities electrify us. Building on what we learned from the Web3 messaging journey, we're diving headfirst into the infrastructure space with a clear vision and a passionate team.

To our incredible community, thank you for embarking on this journey with us. Your support and belief in our vision have been the driving force behind our journey. We couldn't have made it this far without you. Stay tuned for updates as we lay the foundations of this exciting new venture.

And who knows? As we build out Tribes' decentralized database, the door remains open for the resurrection of the messenger app, running atop our new, robust decentralized database. The future is bright, and all options are on the table.

Here's to building the future, one block at a time. 🚀

Cheers to new beginnings,

Hish and the Tribes Team

P.S. To our Tribes Vibes & Tribes Star NFT holders, your support is greatly valued. Your NFTs will soon unlock an exclusive Tribes airdrop. It's our thank you and includes you in our new chapter. More details to follow on how to redeem this token of appreciation.

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©2024 Tribes Protocol Inc