UXLINK, a Singapore-based Web3 social platform and infrastructure, has successfully closed a new funding round, bringing its total investment to over $9 million.
The platform, which is at the forefront of fostering bi-directional, acquaintance-based social relationships in the Web3 space, distinguishes itself from other social infrastructures that primarily focus on one-way following relationships.
The recent funding round saw participation from a diverse group of investors, including OKX Ventures, Web3Port Foundation, Manifold, UOB Venture, Comma3 Ventures, Cypher Capital, Kucoin Ventures, Gate Labs, Forgame (0484.HK), ECV, Signum Capital, 7UPDAO, and various industry leaders.
Additionally, Singapore Corporate Information lists notable investors such as HongShan Capital, GGV Capital, MatrixPort Ventures, and ZhenFund, indicating a strong backing from both the crypto sector and strategic investors, including publicly listed companies, from North America, Asia, and the Middle East.
UXLINK is exploring the possibility of raising another funding round before its Token Generation Event (TGE), underscoring its ambition and the confidence of its community and investors.
The platform aims to be a comprehensive solution for Web3 adoption, integrating a social DEX and UX Growth (Link to Earn) module in its application layer, and pioneering in developing a Social Liquidity Chain in its infrastructure layer.
This innovative approach is designed to support developers and third-party Dapps more effectively, utilizing technologies like OP Stack L2 and EigenDA.
Since its launch in April 2023, UXLINK has experienced remarkable growth, attracting more than 3.5 million verified users and over 75,000 decentralized groups within just 10 months.
Its user base spans across Southeast Asia, the Middle East, Europe, South Asia, and Africa, highlighting its global appeal and the effectiveness of its engagement model.
The platform’s founders compare its potential impact to that of iconic Web1.0 and Web2.0 products like Facebook and WeChat, which revolutionized social interactions and became essential infrastructure for mass adoption.
UXLINK aims to replicate this success in the Web3 era, leveraging its unique social and technological framework to benefit billions of users worldwide.
PEVCJournal.com