UXLINK, a burgeoning Web3 social platform and infrastructure, has just concluded a fresh funding round, amassing more than $9 million in total investment. Notable investors in this round encompass OKX Ventures, Manifold, Web3Port, UOB Ventures, Comma3, Cypher Capital, Kucoin Labs, Gate Labs, Forgame (0484.HK), ECV, 7UPDAO, alongside industry stalwarts. As per Singapore Corporate Information, HongShan Capital, GGV Capital, and ZhenFund also stand among its backers.
Strategic investor support Rreflects UXLINK’s potential in Web3
With a global investor base spanning North America, Asia, and the Middle East, UXLINK has garnered backing from prominent crypto investment firms, exchange-led funds, and publicly listed companies as strategic partners. This impressive consortium of investors underscores the widespread acknowledgment of UXLINK’s potential to pioneer the integration of Web3 traffic entry points, social trading exchanges, and infrastructure within an expansive social ecosystem.
Insider murmurs within the community strongly suggest the likelihood of another funding round for UXLINK prior to its Token Generation Event (TGE). This additional influx of capital would serve to fortify UXLINK’s standing and offerings within the market.
In contrast to other social infrastructure initiatives that predominantly foster one-way relationships, UXLINK distinguishes itself as the first platform to prioritize two-way, acquaintance-based social connections, akin to the distinction between Twitter and Facebook, or Weibo and WeChat in social dynamics.
UXLINK’s product suite encompasses both an application layer and an infrastructure layer. The application layer features modules such as Social DEX and UX Growth (Link to Earn), while the infrastructure layer integrates multi-layered data on acquaintance social relationships and the RWS social protocol. Furthermore, UXLINK intends to introduce a groundbreaking Social Liquidity Layer, harnessing technologies like OP Stack L2 and EigenDA to better cater to ecosystem developers and third-party users.
By placing a strong emphasis on two-way, acquaintance-based social connections, UXLINK emerges as a formidable contender in the social infrastructure sphere, offering users more enriching and personalized social interactions. Through the seamless integration of its application and infrastructure layers, UXLINK is poised to propel the advancement of the Web3 ecosystem while delivering robust support for developers and third-party entities alike.
Rapid growth and innovation draws global attention
With a revolutionary approach to product development and an unparalleled rate of user acquisition, the platform has seized the attention of the market. Since its inception in April 2023, it has swiftly amassed a staggering 3.5 million registered users and facilitated the formation of over 75,000 decentralized groups. Remarkably, within a mere 10 months, its user base has skyrocketed to over 6 million individuals. This exponential growth is a testament to the platform’s unwavering appeal and efficacy.
Focused primarily in key regions such as Southeast Asia, the Middle East, Europe, South Asia, and Africa, the platform has strategically positioned itself as a global force in the digital landscape.
In contrast to the predecessors of Web1.0 and Web2.0, exemplified by giants like Facebook and WeChat, which rely on established social connections, UXLINK is pioneering a new frontier in the forthcoming Web3 era. By harnessing the power of familiar relationships to foster trust and streamline transactions, UXLINK is addressing one of the paramount challenges in transitioning masses to the Web3 domain.