OKX, KuCoin back web3 social network UXLINK in $9m funding round
Web3 social community UXLINK revealed that it has raised $9 million in a funding spherical supported by non-public crypto and publicly listed corporations.
Singapore-headquartered web3 social startup UXLINK has attracted $9 million in capital from a bunch of traders as its consumer base has reached 3.5 million customers.
In accordance with a press launch shared with crypto.information, UXLINK secured funding from a bunch of traders led by OKX Ventures. Different traders like Web3Port Basis, Cypher Capital, Kucoin Ventures, Gate Labs, and Matrixport Ventures additionally participated within the funding. Nonetheless, the valuation of the startup following the funding spherical was not disclosed.
“This revolutionary idea merges social networking and transactions, creating a sturdy ecosystem the place individuals can absolutely leverage their digital belongings.”
OKX Ventures Founder Dora Yue
UXLINK added it might search additional funding previous to its token technology occasion, reflecting the continued curiosity in its development trajectory. With the proceedings, UXLINK plans to launch the so-called “Social Liquidity Chain,” which might make the most of Optimism and EigenDA applied sciences to help third-party developments.
Since its inception in April 2023, UXLINK has reportedly amassed over 3.5 million verified customers and boasts greater than 75,000 decentralized teams throughout Southeast Asia, the Center East, Europe, South Asia, and Africa. The startup principally doubles down on a brand new strategy to social finance, bridging real-world belief dynamics with decentralized purposes via its web3 “UXGroups” on Telegram.
