According to TechFlow, the Web3 social protocol Phaver announced on the X platform that it will launch the $SOCIAL token in July this year. The token will use the LayerZero OFT standard to achieve multi-chain operations and support low-cost seamless transfers between chains such as ETH and Base. Official reminder: $SOCIAL is not yet available for purchase or trading anywhere, so beware of scam links.

According to previous news, Phaver completed a US$7 million financing, with Polygon Ventures and others participating in the investment.