Web3 social protocol Phaver will launch $SOCIAL token in July and has completed $7 million in financing

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 available for purchase or trading anywhere yet, so beware of fraudulent links. Earlier news, Phaver completed a $7 million financing, with Polygon Ventures and others participating.