The social Web3 platform UXLINK has raised $5 million from SevenX Ventures, INCE Capital, HashKey Capital, and other investors, according to a press release.
In March, the project secured $9 million from OKX Ventures, Manifold, Web3Port, UOB Ventures, Comma3, Cypher Capital, Kucoin Labs, Gate Labs, Forgame (0484.HK), ECV, and 7UPDAO.
“With the latest funding round, the total investment in UXLINK has exceeded $15 million. Notably, support came from esteemed organizations and renowned figures from Europe, the US, Asia, and the Middle East,” the press release states.
UXLINK is a SocialFi platform and infrastructure for dapps. The project simplifies P2P communication in social applications and cross-chain transactions in EVM networks, while also integrating on-chain and off-chain user data.
As of May 2024, the platform has registered over 5.5 million users and created approximately 100,000 groups.
“Today, social networks have become a basic necessity for everyone. They are also essential for the mass adoption of Web3. UXLINK leverages social communication mechanisms to build the infrastructure stack for the next generation of Web3 products,” commented INCE Capital’s Executive Director Alex Yan.
Previously, ForkLog published an article on the decentralized society (Decentralized Society, DeSoc) and the prospects of this direction.