UXLINK Secures $9 Million to Transform Web3 Social Media

UXLINK Secures $9 Million in Funding, Paving the Way for Web3 Social Networking

In a significant development for the Web3 landscape, UXLINK has successfully closed a funding round that has amassed over $9 million. This influx of capital underscores not only the platform's rapid growth but also its potential to redefine social interactions in the decentralized web. With backing from notable investors such as OKX Ventures, Web3Port Foundation, and Kucoin Ventures, UXLINK is poised to become a leading player in the Web3 social ecosystem.

Investment Highlights

• Total Investment: Over $9 million
• Key Investors:
  • OKX Ventures
  • Web3Port Foundation
  • Manifold
  • UOB Venture
  • Comma3 Ventures
  • Cypher Capital
  • Gate Labs
  • Forgame
  • 0484 HK
  • ECV
  • Signum Capital
  • 7UPDAO
  • HongShan Capital
  • GGV Capital
  • MatrixPort Ventures
  • ZhenFund

This diverse array of investors not only includes crypto giants from North America, Asia, and the Middle East but also strategic players from publicly listed companies, showcasing a robust confidence in UXLINK's business model and vision.

A Bi-Directional Approach to Social Relationships

What sets UXLINK apart from other social platforms is its unique approach to social relationships. While many projects focus on one-way connections, UXLINK emphasizes bi-directional acquaintance-based relationships. This paradigm shift is akin to the differences between Twitter and Facebook, fostering a more interactive and engaging user experience. For a deeper understanding of how these technologies can be leveraged, one might explore The Future of Community: How to Leverage Web3 Technologies to Grow Your Business.

Key Features

• Application Layer:
  • Social DEX module
  • UX Growth Link to Earn module
• Infrastructure Layer:
  • Integrated data systems
  • RWS social protocols
  • Plans for a Social Liquidity Chain utilizing OP Stack L2 and EigenDA technologies

Rapid Growth and User Adoption

Since its launch in April 2023, UXLINK has rapidly gained traction, amassing over 3.5 million verified users and creating more than 75,000 decentralized groups. The platform's user base spans across Southeast Asia, the Middle East, Europe, South Asia, and Africa, indicating a broad appeal and a significant potential market. For those interested in the new dynamics of brand building in this space, Day Trading Attention: How to Actually Build Brand and Sales in the New Social Media World provides valuable insights.

User Engagement

• Total Verified Users: 3.5 million+
• Decentralized Groups: 75,000+
• Estimated User Reach: 6 million+

Eric, a co-founder from the UXLINK community, articulated the vision succinctly: "In the Web1.0 and Web2.0 eras, platforms like Facebook and WeChat were the main drivers of mass adoption, benefiting billions. UXLINK represents a similar innovation in the Web3 era." Those looking to understand the broader implications of such innovations might find Interconnected Realities: How the Metaverse Will Transform Our Relationship with Technology Forever to be an enlightening read.

The Road Ahead

As UXLINK continues to expand its reach and enhance its features, there are indications that the platform may seek additional funding before its Token Generation Event (TGE). This suggests that the momentum is not only being maintained but is also likely to accelerate as it positions itself as a leading social platform in the Web3 domain. For those interested in the legal landscape surrounding such innovations, Web3 Governance: Law and Policy (Routledge Research in the Law of Emerging Technologies) offers a comprehensive overview.

In an era where social interactions are increasingly becoming decentralized, UXLINK stands at the forefront of this evolution, ready to connect users in a way that is both meaningful and innovative. Its commitment to fostering real-world social connections, combined with cutting-edge technology, positions it as a formidable contender in the future of social networking. For a look at the potential for decentralized social media platforms, consider reading Calaxy: A Paradigm Shift in Social Media- Decentralized Social Media Platform - WEB3 - Built On Hedera - Hello Future.

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