UXLINK has secured a new round of financing led by SevenX Ventures, INCE Capital, and HashKey Capital
ChainCatcher news, the social infrastructure project UXLINK announced that it has secured a new round of financing led by SevenX Ventures, INCE Capital, and HashKey Capital, along with several other investors. This round raised over $5 million, less than three months after the previous round. UXLINK has raised a total of over $15 million to date, covering several top-tier institutions and well-known individuals from Europe, America, Asia, and the Middle East.According to the Web3 asset data platform RootData, UXLINK is a social platform and infrastructure based on "acquaintance social relationships" and groups, with over 5.5 million registered users, more than 1 million daily active users, and over 100,000 groups. According to the UXLINK community leader, the newly raised funds will mainly be used for ecological and post-TGE product development, better supporting the issuance, distribution, and trading of socialized assets. Currently, UXLINK's DAPP and protocol revenue are steadily increasing, with good cash flow.Jon, founding partner of SevenX Ventures, stated, "We are optimistic about UXLINK's ability to nurture asset issuance and trading capabilities through socialization, becoming a key hub linking Web3 infrastructure and application scenarios."Rui, the project investment leader at HashKey Capital, said, "Through private social networks, acquaintance-driven user acquisition, and Telegram group chat dissemination models, UXLINK has quickly become one of the most active blockchain social platforms at this stage. The team looks forward to providing more Web3 native assets and on-chain products to this group of users, driving the mass adoption of Web3 applications."Alex Yan, executive director of INCE Capital, stated, "Social interaction is a basic need for everyone and is also an essential path for Web3 to achieve large-scale applications. UXLINK has built a brand new Social Infrastructure leveraging acquaintance relationship chains and social dissemination mechanisms, making it possible to create a new generation of Web3 social products with a large user base, high-density connections, and diverse interactions."