September 03, 2024
0xPPL, a social networking platform for the crypto community, has secured an undisclosed amount of equity funding from AllianceDAO, Anagram, and Peak XV Partners. Prominent angel investors such as Balaji Srinivasan, Anatoly Yakovenko, Raj Gokal of Solana Labs, and Sandeep Nailwal of Polygon have also supported the firm.
Project | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|
0Xppl | September 03, 2024 | Equity Funding | AllianceDAO | Social |
The new funds will be used to improve 0xPPL’s product offerings, grow its team, and advance its goal of becoming the leading on-chain social networking platform. Founded in August 2022, 0xPPL connects people with shared interests in cryptocurrencies, allowing users to track crypto assets and NFTs traded by those they follow.
The company stated that this funding aligns with the trend of blockchain-based platforms driving innovation in sectors like finance, gaming, and social media. However, they acknowledged the complexity of navigating multiple blockchain ecosystems and managing assets across various networks.
A spokesperson for AllianceDAO mentioned that this investment reflects their belief in 0xPPL’s vision for a next-generation social network that offers a safe and seamless way for crypto enthusiasts to navigate the decentralized world. This vision aligns with the future of Web3, where decentralized networks become more integral to online interactions.
About 0xPPL
0xPPL is a social networking platform designed for the crypto community. It allows users to connect with others who share their interests in cryptocurrencies. On 0xPPL, you can follow friends and profiles, track crypto assets and NFTs they trade, and engage with a community of like-minded individuals.
Website: https://0xppl.com/
X Followers today: 7,176
X Followers 30 days ago: 7,050
X Change: 126 (+1.79%)
About Investor
Investor: AllianceDAO
Alliance is a leading crypto accelerator and founder community. They help crypto startups grow by providing mentorship, funding, and access to a network of experienced founders and investors. Their program includes both in-person and remote components, offering support and resources to help startups succeed in the crypto space.
Location: Chicago, IL
Website: https://alliance.xyz/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Comments