Built on Sei Network, Overherd is one of the innovative social platforms building in the blockchain space. With a focus on anonymity, the platform allows any users to post content, find local communities and earn real money from their quality content.
Overherd is still in its closed beta phase. Only users with an invitation can join the platform, but this hasn’t stepped it from becoming a success. The app launched in February, but has seen some serious growth this April. Around 2,000 active wallets engage with the app on a daily basis, and these users perform a daily average of 5 to 10 transactions per person.
You may think that the onchain mechanics of Overherd could make it difficult for users to engage with the platform. But this couldn’t be further from the truth. Overherd uses Account Abstraction to make the user experience much smoother. Thanks to Account Abstraction, users no longer rely on storing private keys, and interactions with smart contracts become much more flexible. For example, tasks like signing transactions, authorizing payments, and managing funds can be automated and tailored to specific needs.
No wonder the initial reception of Overherd has been one of praise. It emphasizes the future of social media and SocialFi by utilizing the best of both Web2 and Web3.
The initial reception
Even though the official app isn’t out yet, and Overherd isn’t accessible to everybody yet, the social app already had quite some success in their closed beta. In the past 30 days, more than 7,120 unique active wallets (UAW) have engaged with the app. With the 7-day number at 4,070 active wallets, it’s clear to say that user engagement with this social app is very strong. No wonder 42% of the users stick around after 30 days.
Every post, comment or other engagement with content on the platform, results in an onchain action. Each wallet engages with the app at least 5 times, even peaking at 10 engagements per day.
Overherd features
Overherd puts lots of emphasis on its anonymity, offering users a 100% anonymous way to engage with the social media platform. However, the app has a lot more to offer:
- Everybody earns rewards, not only the big content creators.
- The community posts content, curates content and moderates content
- Quality content earns you points and makes you climb the leaderboard
- Payments happen instantly using crypto, incl USDC and SEI
- Every message is anonymous, making it all about the content
Post quality content and earn rewards
Overherd wants to tackle the problems of traditional social media, where big influencers dominate the timeline. Moreover, smaller accounts never break through the algorithm even though they may make quality content. Overherd is changing this by placing emphasis on anonymous quality content.
Any user on the Overherd platform can earn points for posting quality content. Other users then earn rewards for their curation, while those who flag offensive content also receive points. Any engagement that benefits the community, including comments and their upvotes, allows users to earn points. As they receive more points, users climb the leaderboard.
After every week, the team distributes rewards paid in crypto. These rewards go directly to the community members who made the most upvoted content on Overherd.
Closing words
Overherd is redefining the social media landscape by blending the best of Web2 and Web3, empowering users with anonymity, rewarding quality content, and fostering vibrant communities. All this is happening on the Sei Network, where thousands of active wallets already engage with the app, while still being in its closed beta. Dive into Overherd today, and experience a social media platform where your voice matters!
