By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: Web3 Messenger Tribes
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > NFT > Web3 Messenger Tribes
NFT

Web3 Messenger Tribes

Shayne Heffernan Ph.D.
Last updated: January 24, 2023 11:15 pm
Shayne Heffernan Ph.D.
Share
4 Min Read
Tribes App
Tribes App
SHARE

 Tribes, the Web3-native messaging app from DMs to DAOs, today announced it has raised $3.3 million in pre-seed funding led by Kindred Ventures, South Park Commons and Script Capital. Tribes also announced the launch of its social wallets — the first combined messaging and wallet offering that is foundational to unlocking the power of co-ownership and collective action. The group wallet enables people to co-own and manage digital assets, as well as communicating directly with other co-owners.

In today’s Web3 environment, the communications tools (e.g. Discord, Telegram) available are too separate from the decision making process around digital assets, which often makes it too hard for others to track what’s happening, thoughtfully participate, or even get involved in the first place.

Web3-native identity and infrastructure enables group chats (and token-gated groups) to go beyond talk — getting actual things done! However this only works when there is great communication. Tribes believes that co-ownership and collective action, made practical through Web3 technology, will change the economy and world for the better. This will happen in a variety of ways, including:

  1. Friends and family co-funding and sharing big purchases like cars and homes
  2. Groups co-investing in digital wares and financial products
  3. Collectors and communities with a stake in creators’ successes
  4. Fully-operational DAOs with shareholders and operators
  5. Government and civic engagement

In order for ubiquitous co-ownership to come to life, communication (social) and ownership (wallets) must be deeply integrated. Tribes’ app gives all group chats access to a shared wallet — any participant can activate it with one touch. This shared wallet can send, receive and hold digital assets like NFTs, memberships, currencies, and more. Sending or “spending” group assets requires approval from the group — a threshold that groups determine themselves, like 3 of 5 members, for example. Group members can thumbs-up (or -down) directly in the groupchat to approve or reject transactions.

“Web3 primitives for co-ownership and collective action are transformative but few people can make sense of the existing products and processes required,” said Hish Bouabdallah, founder and CEO of Tribes. “In order to realize the full promise of Web3, nailing collective action is absolutely essential. Our approach to embed it directly into group chat makes these powerful and newly-possible Web3 actions understandable and accessible to the masses.”

Today’s social wallet enables “simple” experiences like:

  1. Buy things you like together (i.e. buy an NFT as a group chat)
  2. Save money as a group (casual investment club)
  3. Manage a small organization (i.e. a soccer team or interest group) with collective decision-making and transparent treasury

And looking forward, each of these “simple” use cases is a building block towards on-the-horizon needs for DAOs, distributed app user groups, NFT communities, pop-up crowdfunds and other groups.

The Tribes social wallet combines best-in-class technologies including (Gnosis) Safe multisignature smart contracts, transaction signing with Coinbase Wallet or secure in-app signatures, and Web3 identity support (ENS, Lens, etc.) for co-owner collaboration.

The Tribes team is composed of people with years of experience building and shipping social and crypto products at scale. Bouabdallah was previously a staff software engineer at Coinbase Wallet where he was instrumental in building the flagship Web3 product. Product designer Andrew Courter previously founded a startup that was acquired by Twitter in 2019.

About Tribes
Tribes is a Web3-native messaging and group wallet app to help the next generation of crypto consumers, creators, communities, and DAOs collaborate and build relationships. For more information, visit tribes.xyz.

You Might Also Like

WIKI FINANCE EXPO BANGKOK 2024

Knightsbridge Release New Crypto Products

Thonglor NFT Club: A Hub for Crypto Enthusiasts in Bangkok

Knightsbridge: the Future of DeFi is Bitcoin

Louis Vuitton Unveils a New Frontier in Luxury: The Phygital Trunk Bag NFT

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By Shayne Heffernan Ph.D.
Follow:
Shayne Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 40 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.
Previous Article BingX Logo BingX Growing
Next Article Milo Logo Milo Launches Crypto Loans
Buy Bitcoin

Buy Bitcoin

Latest News

TIA Wellness
Hotels as Art Galleries in Asia
Art Asia Featured Headline News Lifestyle Travel July 17, 2025
image 72
125 Public Companies Now Hold Bitcoin
Bitcoin Featured Headline News KXCO KXCO Guide Opinion Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments Stablecoins Stocks USD July 16, 2025
Ferrari Hypersail 1 1024x682 1
Ferrari Hypersail
Ferrari Formula One Headline News Lifestyles of the RIch and Famous Living Luxury Most Popular Must Read Opinion Shayne Heffernan Shayne Heffernan Sports Top Stories July 14, 2025
photo 2024 05 01 13 08 28
Banking Apocalypse, Bitcoin’s Just the Beginning
Bitcoin Blockchain for Government Education Featured Gold Headline News KXCO Opinion Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments Stablecoins Strategy USD July 14, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?