The encrypted social network 0xPPL has completed a new round of financing, with participation from AllianceDAO and others

ChainCatcher news, the encrypted social network platform 0xPPL has completed a new round of financing, with participation from AllianceDAO, Anagram, Peak XV Partners, angel investors Balaji Srinivasan, Anatoly Yakovenko and Raj Gokal from Solana Labs, and Sandeep Nailwal, co-founder of Polygon.

The specific amount of financing and valuation information has not yet been disclosed. The new funds will be used to enhance 0xPPL's product offerings, expand its team, and further realize its mission to become a leading on-chain social network platform. Its main competitors currently include decentralized social networks such as Phaver, Easy, and Farcaster.