Jul 4, 2023

Decentralized Social Network, Rariko Secures Spot in Reef Labs $10M Accelerator Program!

With great excitement, Reef Labs congratulates and welcomes Rariko, the newest member of our Accelerator Program, that stood out from a pool of 350 outstanding applications received so far.

Rariko is a decentralized social network designed to revolutionize how we interact online. Rariko paves the way for a new era of decentralized social apps by unlocking interoperability, fostering user ownership, and ensuring data privacy. With Web2-like user experiences and multi-chain compatibility, Rariko makes social networking self-sovereign, private, and free.

Assessment Process: Project’s Progress, Team, Community & more!

Rariko's selection into our Accelerator Program was followed by a series of meticulously planned evaluations where the Reef Labs team looked into:

Probing into Rariko's Unique Value Proposition- We recognized Rariko's potential to redefine social experiences in Web3 through features like decentralized IDs, multi-chain compatibility, and self-sovereign social graphs.
Envisioning Future Growth: We assessed Rariko's strategic blueprint and were captivated by its ambitious vision and plans towards igniting massive adoption in Web3.
Tokenomics and Technical Structure: We dissected the complexities of Rariko’s tokenomics and the solidity of its technical architecture that enables a Web2-like user experience while maintaining data privacy.
Team Analysis: We looked into the expertise and dedication displayed by the Rariko team and their unwavering progress toward a more decentralized social networking space.
Community Impact and Support: We appreciated the vibrant Rariko community and the influential contributions from its backers, advisors, and partners.

This thorough assessment reaffirmed Rariko's potential, setting it apart as a transformative entity in the realm of Web3 social networking.

Integration and Enhancement: Rariko Enters the Reef Chain!

In line with our shared goal of maximizing adoption in Web3, Rariko is stepping forward for greater milestones with Reef Labs demonstrating their dedication to continued growth and innovation.

1/ As part of this new endeavor, Rariko will integrate its interoperable social identities with Reef Chain to significantly strengthen the foundation of a more interconnected digital world.

2/ Rariko will provide support to social and consumer applications built on the Reef Chain by offering access to its social graph allowing the Reef community permission-less access to the wider horizons of web3.

3/ To broaden accessibility, Rariko will incorporate Reef Chain and Wallet into its native client-side app, currently live on the WAGMI mainnet at app.rariko.io. It will give users and the Reef community access to several features such as token-gated communities, in-app quest payments, multi-chain wallet aggregation, profile wall, and identity support.

Pushing Boundaries, Igniting Innovation!

United under a shared mission to foster innovation, our primary objective lies in proliferating Rariko's user-centric social experiences while consistently seeking community input to drive future advancements.

Drawing upon Reef Labs' expertise in the Web3 domain, our team will assist in strategizing the go-to-market plan for Rariko's products, aiding in their journey. We will extend our efforts toward securing valuable partnerships in the decentralized space, bolstering the project's growth and impact.

In the Accelerator Program, Rariko will receive multifaceted support from Reef Labs, driving it toward its ambitious goals. With access to the global community of Reef Chain, Rariko will achieve scalable growth and heightened visibility on a worldwide scale, effectively expanding its community and influence.

The future of decentralized social networking is here, and it's exciting! Stay connected with Rariko's social announcement channels to stay updated on their journey & successes with Reef Labs.

Website | Twitter | LinkedIn | Telegram

About Rariko

RariKo is a decentralized social graph built to unlock interoperability, user ownership, trustless account recovery, and data privacy. The team includes serial entrepreneurs, developers, and marketers. Rariko’s mission is to build a robust and sufficiently decentralized social graph with high scalability while reducing the tech barrier to entry in Web3 and driving Dapp adaption.

About Reef

Reef is an EVM-first blockchain designed to make Web3 accessible for the next billion users. Reef offers high scalability, and affordable transactions, and utilizes Nominated Proof of Stake, extensible EVM, and on-chain upgradability.

Reef is the future blockchain for NFTs, DeFi, and gaming. It can easily accommodate the needs of the future of Web3 development. Reef is an ideal blend of old and new, a trait that makes it eternal and timeless.

Stay tuned to our socials, and never miss any updates from Reef!