UXLINK Secures $9M Funding for Web3 Social Platform
UXLINK, a Web3 social platform, has recently secured over $9 million in funding led by OKX Ventures, Web3Port Foundation, and HongShan. This significant milestone highlights global confidence in UXLINK’s innovative bi-directional social networking approach.
Unlike traditional social platforms that focus on unilateral, follow-based dynamics, UXLINK prioritizes bi-directional, acquaintance-based social relationships. This unique model sets a new standard in social interaction within the Web3 space, similar to the transition from platforms like Twitter to more relational spaces such as Facebook.
One of the key factors driving UXLINK’s rapid growth and market attention is its innovative product offerings, including the Social DEX module and UX Growth (Link to Earn) module. These offerings are supported by unique data integration and RWS social protocols, laying the groundwork for the upcoming launch of a Social Liquidity Chain leveraging OP Stack L2 and EigenDA technologies.
Since its launch in April 2023, UXLINK has attracted over 3.5 million verified users and facilitated the creation of more than 75,000 decentralized groups, reaching over 6 million users globally. A recent campaign in early 2024 led to the creation and connection of 978,000 new Web3 wallet addresses and a deposit asset accumulation of $78 million, showcasing the platform’s ability to engage a wide user base.
Looking ahead, UXLINK’s roadmap includes the ambitious Odyssey Airdrop initiative’s third phase, which will introduce new features like wallet registration, binding, and check-ins, as well as token incentives for community engagement. With over 40,000 individuals already participating in the initiative, UXLINK is well-positioned to become a key player in the Web3 ecosystem.
The recent funding round not only strengthens UXLINK’s financial foundation but also demonstrates the tech and investor communities’ belief in its innovative approach to Web3 social networking. With a vision to harmonize Web3 services with mainstream social platforms, UXLINK is poised to redefine user experience in the decentralized web, creating a more connected and accessible digital future.
