• UAE-based Web 3.0 social network DeChat has raised $1 million in a funding round led by Mindspace Solutions.
• DeChat develops a decentralised, user-centric communication platform powered by Web 3.0 technologies.
• The newly acquired funding will enable Dechat to accelerate its growth, enhance its technology infrastructure, and expand its user base.

Source: Rasmal

Dechat, a leading Web3 communication network focused on enhancing user interactions, has successfully raised $1 million in a recent corporate funding round. The funding, announced on December 2, 2024, was led by Mindspace Solutions, marking a significant milestone in the company’s journey to redefine digital communication in the blockchain and cryptocurrency landscape.

Headquartered in Dubai, United Arab Emirates, Dechat operates across Europe, the Middle East, and Africa (EMEA), with a strong focus on the Gulf Cooperation Council (GCC) region. The company leverages Web3 technology to create a disruptive communication network designed to empower users and improve their interactions within the digital ecosystem.

The infusion of capital from Mindspace Solutions will enable Dechat to accelerate its growth, enhance its technology infrastructure, and expand its user base. With this funding, the company aims to solidify its position as a leader in the blockchain and cryptocurrency industries, delivering innovative solutions that meet the evolving needs of its users.

Mindspace Solutions, a well-established investor in technology and innovation, recognised Dechat’s potential to transform the Web3 communication space. The partnership underscores the growing confidence in Dechat’s vision and its ability to drive the next phase of digital communication.

This corporate round highlights the increasing interest in Web3 solutions within the GCC and EMEA regions. Dechat’s innovative approach aligns with the global shift towards decentralised technologies, addressing the demand for secure, user-focused communication platforms.

As Dechat continues to innovate and grow, the company remains committed to creating value for its users and stakeholders. The recent funding is expected to fuel new initiatives, strengthen research and development efforts, and pave the way for a more connected and decentralised future.

The $1 million corporate round funding marks a pivotal moment for Dechat, setting the stage for the company to expand its footprint in the Web3 ecosystem and shape the future of digital communication.