Singapore's UXLINK Raises $9M in Funding for Web3 Social Platform

Singapore-based UXLINK, a Web3 social platform and infrastructure, has concluded a funding round with over $9 million in investments from notable backers worldwide, including OKX Ventures, Web3Port Foundation, and UOB Venture. Additionally, HongShan Capital, GGV Capital, MatrixPort Ventures, and ZhenFund are reported as backers. Plans for another funding round precede the Token Generation Event.

UXLINK distinguishes itself by focusing on fostering bi-directional, acquaintance-based social relationships, akin to the difference between Twitter and Facebook. It comprises application and infrastructure layers, including the innovative Social Liquidity Chain, attracting attention for its rapid growth, with over 3.5 million verified users and seventy-five thousand decentralized groups formed within ten months, primarily in Southeast Asia, the Middle East, Europe, South Asia, and Africa.