Hana Network Launches Dipsy, Eyes 'TikTok of Crypto' Title with Mainnet Phase 3 Completion

Hana Network has officially unveiled its new Dipsy application in select international markets, marking a significant milestone as the completion of its Mainnet Phase 3. The app aims to revolutionize digital interaction by blending social entertainment with decentralized finance (DeFi), aspiring to become the "TikTok of crypto." As noted by Josh Ong in a recent social media post, "> Dipsy, a new app from @HanaNetwork is out in select markets. (Not in the US yet)."

Dipsy is positioned as a pioneering SocialFi platform, integrating short-form video content with various DeFi functionalities. This innovative approach allows users to create and share engaging content while simultaneously participating in crypto-economic activities, fostering a unique ecosystem where entertainment and financial interaction converge. The platform is currently available in several Asian and European regions, with a strategic exclusion of the United States due to ongoing regulatory complexities.

The launch of Dipsy follows Hana Network's progressive mainnet development roadmap. Its initial phases established the core blockchain infrastructure, followed by the successful introduction of an NFT-based collectible card game and a distinct NFT gacha system in Phase 2. These earlier ventures laid the groundwork for user engagement and demonstrated Hana Network's capabilities within the GameFi sector, building a diverse Web3 ecosystem.

With Dipsy, Hana Network seeks to onboard a broader audience by leveraging the viral appeal of short-form video, empowering users to monetize their content and social interactions through crypto rewards. The network's native token plays a crucial role across all its applications, facilitating transactions, rewards, and governance within this interconnected ecosystem. This strategic expansion into SocialFi underscores Hana Network's commitment to building a comprehensive and interoperable Web3 experience.