Rédaction Africa Links 24 with NewDawn
Published on 2024-03-13 09:10:45
UXLINK, a rapidly expanding Web3 social platform and infrastructure based in Abuja, Nigeria, recently secured a new round of funding totaling over $9 million. This funding round includes investments from prominent entities such as OKX Ventures, Web3Port Foundation, Manifold, UOB Venture, Comma3 Ventures, Cypher Capital, Kucoin Ventures, Gate Labs, Forgame (0484.HK), ECV, Signum Capital, 7UPDAO, as well as other industry leaders. Additionally, investor information from Singapore Corporate Information reveals HongShan Capital, GGV Capital, MatrixPort Ventures, and ZhenFund as backers of UXLINK. These investors hail not only from the crypto and exchange sectors in North America, Asia, and the Middle East but also include strategic investments from publicly listed companies. The community surrounding UXLINK speculates the possibility of another round of funding prior to its Token Generation Event (TGE). As a social ecosystem, UXLINK stands out as a premier solution for aggregating Web3 gateway, social DEX, and infrastructure to drive mass adoption.
Unlike traditional social infrastructure projects that focus on one-way, following-only relationships, UXLINK distinguishes itself by prioritizing bi-directional, acquaintance-based social interactions, akin to the contrast between Twitter and Facebook. The platform is structured around mutual-promoting two layers: an application layer comprising the Social DEX module and the UX Growth module, and an infrastructure layer encompassing unique data integration and the RWS social protocols. UXLINK’s roadmap includes the launch of a groundbreaking Social Liquidity Chain, powered by OP Stack L2 and EigenDA technologies, aimed at enhancing support for developers and third-party Dapps.
The market and investors have taken notice of UXLINK due to its product innovation and swift growth trajectory. Since its launch in April 2023, UXLINK has amassed over 3.5 million verified users within 10 months, forming over 75,000 decentralized groups and reaching a user base exceeding 6 million across regions in Southeast Asia, the Middle East, Europe, South Asia, and Africa.
As stated by a representative, “In the Web1.0 and Web2.0 eras, great products centered around acquaintance-based social relationships, such as Facebook and WeChat, served as key drivers and infrastructure for mass adoption, benefiting billions of users. UXLINK represents this kind of innovation and project in the Web3 era.”
UXLINK’s notable milestones and future prospects can be explored through their website at https://uxlink.io/. Additionally, updates and engagement opportunities can be found on their Twitter account (@UXLINKofficial) and Telegram channel (https://t.me/uxlinkofficial2). The platform’s interactive Odyssey features can be experienced at https://dapp.uxlink.io/quest.
For further information and inquiries, UXLINK can be contacted via email at [email protected].
For more details on UXLINK’s recent funding round and key investors, the source material can be accessed through the African Media Agency (AMA) article available at https://africanmediaagency.com/uxlink-raised-over-9m-in-funding-leading-investors-include-okx-ventures-and-uob-ventures/.
As UXLINK continues to lead the charge in the Web3 social landscape, its innovative approach and exponential growth position it as a pivotal player in driving widespread adoption and engagement within the digital ecosystem.
Read the original article on The Newdawn Liberia
