UXLINK Raises Over $9M In Funding To Bolster Web3 Social Platform

NEW YORK, US - In a significant development for the Web3 social platform landscape, UXLINK has successfully secured over $9 million in a new funding round. This investment surge is backed by 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 support comes from HongShan Capital, GGV Capital, MatrixPort Ventures, and ZhenFund, as noted by Singapore Corporate Information.

UXLINK's innovative approach to social infrastructure within the Web3 ecosystem sets it apart. Unlike traditional platforms that focus on unidirectional following relationships, UXLINK pioneers a bi-directional model based on mutual acquaintance. This model is designed to foster deeper social connections akin to the dynamics seen on platforms like Facebook versus Twitter. The platform comprises two synergistic layers: an application layer featuring a Social DEX module and a UX Growth (Link to Earn) module; and an infrastructure layer that integrates unique data and RWS social protocols. Furthermore, 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 rapid user growth, amassing more than 3.5 million verified users within 10 months. The platform boasts over 75,000 decentralized groups, extending its reach to over 6 million users globally. Its user base spans several regions including Southeast Asia, the Middle East, Europe, South Asia, and Africa.

The platform's success is attributed to its innovative approach to Web3 social engagement. "In the Web1.0 and Web2.0 era, platforms like Facebook and WeChat have demonstrated the immense potential of acquaintance-based social networks in driving mass adoption and benefiting billions of users. UXLINK aims to replicate this success in the Web3 era," stated a spokesperson for UXLINK.

With its recent funding round and strategic investor base that spans North America, Asia, and the Middle East—including both crypto-focused investors and publicly listed companies—UXLINK is well-positioned for further growth. The community anticipates another round of funding before its Token Generation Event (TGE), signaling strong market confidence in UXLINK's vision and technology.

For more information about UXLINK and its innovative approach to Web3 social infrastructure, visit their website at https://uxlink.io/ or follow them on Twitter at https://twitter.com/UXLINKofficial and Telegram at https://t.me/uxlinkofficial2.