UXLINK secures $9M+ funding backed by top investors OKX Ventures and Web3Port Foundation

UXLINK, a fast-growing Web3 social platform and infrastructure, has recently closed a new round of funding, accumulating over $9 million in total investment. This round’s investors include OKX Ventures, Manifold, Web3Port, UOB Ventures, Comma3, Cypher Capital, Kucoin Labs, Gate Labs, Forgame (0484.HK), ECV, 7UPDAO, and industry leaders. According to Singapore Corporate Information, HongShan Capital, GGV Capital, and ZhenFund are also its investors.

Strategic investor support Rreflects UXLINK's potential in Web3

With a global investor base from North America, Asia, and the Middle East, UXLINK has secured support from leading crypto investment firms, exchange-led funds, and publicly listed companies as strategic partners. This diverse group of investors highlights the widespread recognition of UXLINK's potential to lead in the integration of Web3 traffic entry points, social trading exchanges, and infrastructure within a comprehensive social ecosystem.

Insiders within the community have hinted at the possibility of another funding round for UXLINK before its Token Generation Event (TGE). This additional funding would further strengthen UXLINK's position and offerings in the market.

Unlike other social infrastructure projects that focus on one-way relationships, UXLINK stands out as the first platform to emphasize two-way, acquaintance-based social connections, similar to the difference between Twitter and Facebook or Weibo and WeChat in social structures.

UXLINK's product offerings comprise an application layer and an infrastructure layer. The application layer includes modules like Social DEX and UX Growth (Link to Earn), while the infrastructure layer integrates multi-layered data of acquaintance social relationships and the RWS social protocol. UXLINK also plans to introduce an innovative Social Liquidity Layer, leveraging technologies like OP Stack L2 and EigenDA to better support ecosystem developers and third-party users.

This emphasis on two-way, acquaintance-based social connections positions UXLINK as a competitive project in the social infrastructure domain, providing users with richer and more personalized social experiences. Through the integration of the application and infrastructure layers, UXLINK aims to drive the development of the Web3 ecosystem and offer robust support for developers and third parties.

Rapid growth and innovation draws global attention

The platform has attracted market attention due to its product innovation and rapid user growth. Since its launch in April 2023, the platform has amassed over 3.5 million registered users, facilitated the creation of more than 75,000 decentralized groups, and reached a user base of over 6 million within a span of just 10 months. The platform's user base is primarily concentrated in Southeast Asia, the Middle East, Europe, South Asia, and Africa.

"Web1.0 and Web2.0 brought us popular social platforms like Facebook and WeChat, which rely on connections with people we know. These platforms have played a big role in getting lots of people to use them. UXLINK is exploring how these familiar relationships can help build trust and make transactions smoother in the upcoming Web3 era. Building trust is one of the big challenges for getting lots of people to join Web3."