UXLINK, a web3 social network based in Singapore, recently announced that it has successfully raised $9 million in funding from a group of investors, including private crypto and publicly listed companies. This funding comes as UXLINK’s user base has grown to 3.5 million users.

The funding round was led by OKX Ventures, with participation from investors such as Web3Port Foundation, Cypher Capital, Kucoin Ventures, Gate Labs, and Matrixport Ventures. The startup plans to use the funds to launch its “Social Liquidity Chain” utilizing Optimism and EigenDA technologies to support third-party developments.

Since its establishment in April 2023, UXLINK has seen significant growth, with over 3.5 million verified users and more than 75,000 decentralized groups across various regions. The startup aims to create a robust ecosystem that combines social networking and transactions, allowing users to fully leverage their digital assets.

UXLINK’s innovative approach to social finance is evident in its web3 “UXGroups” on Telegram, which bridge real-world trust dynamics with decentralized applications. The startup’s success highlights the growing interest in crypto VC funding and the potential for further growth in the industry.

For more news and updates on the latest developments in the cryptocurrency space, be sure to explore Global Crypto News.

Post Views: 3