UXLINK, a Singapore-headquartered web3 social startup, has announced the successful completion of a $9 million funding round, supported by a consortium of private crypto and publicly listed companies. The fundraising effort comes as UXLINK’s user base reaches an impressive milestone of 3.5 million users.
According to a press release shared with crypto.news, the funding round was led by OKX Ventures, with participation from prominent investors including Web3Port Foundation, Cypher Capital, Kucoin Ventures, Gate Labs, and Matrixport Ventures. However, the exact valuation of UXLINK following the funding round has not been disclosed.
UXLINK has indicated its intention to explore additional funding opportunities ahead of its token generation event, highlighting the sustained interest in its growth trajectory. The capital raised will be utilized to launch the “Social Liquidity Chain,” a groundbreaking initiative leveraging Optimism and EigenDA technologies to support third-party developments.
Since its establishment in April 2023, UXLINK has experienced rapid growth, amassing over 3.5 million verified users and fostering more than 75,000 decentralized groups spanning Southeast Asia, the Middle East, Europe, South Asia, and Africa. The startup is pioneering a novel approach to social finance, facilitating the convergence of real-world trust dynamics with decentralized applications through its web3 “UXGroups” on Telegram.
