February 19, 2025
Cygnus has raised $20 million in a pre-seed funding round, backed by investors including Manifold Trading, OKX Ventures, Mirana, Optimism Retro Funding, and CL207. The funding will support the platform’s expansion and development as it integrates blockchain technology with digital interactions.
The project introduces a blockchain-based social media framework designed to incorporate Web3 functionalities within a decentralized application layer. Cygnus aims to provide tools for content monetization, digital asset management, and financial participation, bridging blockchain technology with mainstream social engagement. The platform seeks to create an alternative to traditional social media while facilitating broader adoption of blockchain-powered applications.
About Cygnus
Cygnus is a Web3 social app layer designed to integrate blockchain-based financial tools with digital content platforms. The project seeks to create a decentralized alternative to traditional social media by enabling users to interact, transact, and engage with digital assets within a unified network.
Website: https://www.cygnus.finance/
X: @CygnusFi
About Investors
Manifold
Manifold Trading is a quantitative trading firm and venture investor focused on blockchain infrastructure and decentralized finance projects.
Location: New York
Website: https://www.manifoldtrading.com/
OKX Ventures
OKX Ventures is the investment arm of OKX, providing funding to early-stage blockchain and crypto projects.
Location: Singapore
Website: https://www.okx.com/ventures
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