UXLINK Attracts Over $9M In Latest Funding Round Led By Top Investors

TOKYO, JAPAN / SEOUL, SOUTH KOREA - UXLINK, a rapidly expanding Web3 social platform and infrastructure, has successfully secured a new round of funding, bringing its total investment to over $9 million. This latest funding round saw participation from a diverse group of investors including OKX Ventures, Web3Port Foundation, Manifold, UOB Venture, Comma3 Ventures, Cypher Capital, Kucoin Ventures, Gate Labs, Forgame (0484.HK), ECV, Signum Capital, 7UPDAO, and several industry leaders. Additional backers as per Singapore Corporate Information include HongShan Capital, GGV Capital, MatrixPort Ventures, and ZhenFund. The platform's investor base spans across North America, Asia, and the Middle East and includes strategic investors from publicly listed companies.

UXLINK is distinguished in the Web3 space for its innovative approach to social interactions. Unlike other platforms that focus on one-way following relationships, UXLINK pioneers a bi-directional model that fosters acquaintance-based connections. This model is akin to the difference between Twitter and Facebook's approach to social networking. The platform is composed of two main layers: the application layer featuring a Social DEX module and UX Growth (Link to Earn) module; and the infrastructure layer which includes unique data integration and RWS social protocols. Additionally, plans are underway to introduce a Social Liquidity Chain leveraging OP Stack L2 and EigenDA technologies to enhance support for developers and third-party Dapps.

Since its launch in April 2023, UXLINK has experienced remarkable growth. In just 10 months, it has attracted more than 3.5 million verified users and established over 75,000 decentralized groups. This network now extends to over 6 million users globally with a significant presence in Southeast Asia, the Middle East, Europe, South Asia, and Africa. The platform's rapid user acquisition underscores its appeal and potential for mass adoption in the Web3 era.

The success of UXLINK can be attributed to its innovative approach to social networking in the Web3 space. Drawing parallels with Web1.0 and Web2.0 era giants like Facebook and WeChat, which were built on acquaintance-based social relationships and became essential drivers for mass adoption. UXLINK aims to replicate this success in the Web3 era by focusing on creating a social ecosystem that supports bi-directional relationships among users.

For more information about UXLINK and its innovative approach to Web3 social networking, interested parties can visit their official website or follow them on Twitter and Telegram.