Web3 Startup UXLINK Secures $9 Million from OKX Ventures and Others

The social Web3 platform UXLINK has raised over $9 million in investments from OKX Ventures, Manifold, Web3Port, UOB Ventures, Comma3, Cypher Capital, Kucoin Labs, Gate Labs, Forgame (0484.HK), ECV, and 7UPDAO, as reported by the startup’s representatives to ForkLog.

OKX Ventures Led an Investment in UXLink, A Web3 Social Platform and Infrastructure Providerhttps://t.co/2sVrLJJdsT@UXLINKofficial pic.twitter.com/CZIv3Hf9na

— OKX Ventures (@OKX_Ventures) March 13, 2024

UXLINK is a SocialFi platform and infrastructure for decentralized applications, comprising three tiers:

• UXLINK Basic Application ― provides access to ecosystem applications;
• UXLINK Protocol Service ― a suite of tools for Web3 developers to manage user identity and relationship data;
• UXLink Infrastructure ― scalable architecture (EVM + IPFS + cloud) covering Ethereum, BNB Chain, Polygon, Arbitrum, and Base networks.

The platform simplifies P2P communication in social applications and cross-chain transactions in EVM networks, while integrating on-chain and off-chain user data.

“We are the first SocialFi project focused on bidirectional social relationships, akin to Facebook. Competitors tend to adopt the X model.

UXLINK consists of two levels: an application level with Social DEX and UX Growth (Link-to-Earn) modules, and an infrastructure level with unique and integrable data and social RWS protocols.

We also plan to launch an innovative social liquidity chain using OP Stack and EigenDA technologies to better support developers and third-party dapps,” commented UXLINK representatives.

The platform’s smart contracts were audited by Peckshield.

“UXLINK has successfully registered 3.5 million users. In addition to us, renowned venture firms like ZhenFund, Sequoia Capital, and MatrixPort Ventures have invested in the platform,” stated an OKX Ventures press release.

Earlier, ForkLog published the “Institutional Bulletin” digest on the most notable investment deals of recent weeks.