UXLINK, a Web3 Social Platform Focused on Real-World Connections, Secures Over $9 Million in Funding

Sentiment: Positive

UXLINK secures $9 million funding led by OKX Ventures, pioneering genuine social connections in the Web3 era with innovative infrastructure.

In a significant development for the burgeoning Web3 landscape, UXLINK, a rapidly expanding social platform and infrastructure provider, has successfully closed a new funding round, propelling its total investment to over $9 million. Spearheaded by OKX Ventures, the investment arm of the renowned crypto exchange OKX, the round saw participation from a diverse array of investors spanning North America, Asia, and the Middle East. Notably, strategic investors, including publicly traded companies, have also joined in, underscoring the broad appeal and potential of UXLINK's vision. The UXLINK community hints at the possibility of yet another funding round preceding their highly anticipated Token Generation Event (TGE).

What distinguishes UXLINK from its peers is its steadfast commitment to fostering genuine connections in the digital realm. Unlike conventional social media platforms that often prioritize one-way relationships, UXLINK places a premium on two-way, acquaintance-based interactions reminiscent of Facebook's model as opposed to Twitter's. This unique ethos is deeply ingrained in UXLINK's architecture, characterized by two key layers:

• Application Layer: Featuring innovative modules such as a Social DEX (decentralized exchange) and a "Link to Earn" program incentivizing user engagement.

• Infrastructure Layer: Seamlessly integrating proprietary data sets and social protocols (RWS) to bolster developers and third-party decentralized applications (DApps). Notably, UXLINK is poised to unveil a groundbreaking Social Liquidity Chain powered by OP Stack L2 and EigenDA technologies.

UXLINK's unwavering focus on product innovation and user acquisition has not gone unnoticed. Since its inception in April 2023, the platform has garnered over 3.5 million verified users within a mere 10 months. It boasts a robust network of over 75,000 decentralized groups comprising more than 6 million users, with particularly strong footholds across Southeast Asia, the Middle East, Europe, South Asia, and Africa.

Eric, a prominent co-founder within the UXLINK community, articulated the platform's aspirations, stating:

Driven by an ambitious vision, UXLINK aims to emerge as the preeminent Web3 social network and infrastructure hub for DApps and developers alike. Its steadfast commitment to nurturing authentic human connections and facilitating meaningful user interactions positions UXLINK as a formidable contender in the ever-evolving Web3 landscape.