According to TechFlow, on October 10, the privacy social media network MeWe announced that it had completed a US$6 million Series B financing round led by McCourt Global.

MeWe is based on the Decentralized Social Network Protocol (DSNP) and plans to use the new funds to further develop new technologies such as artificial intelligence integration, launch new Web3 product features, and acquire users through targeted marketing strategies. In addition, MeWe also plans to launch a native token to increase user growth, platform engagement, and utility.