In yet another important moment for the crypto world, 0xPPL, a social network for crypto natives, has just closed a strategic funding round from prestigious venture capital investors such as AllianceDAO, Anagram, and Peak XV Partners. A string of highly renowned angel investors actively participated in the funding round, underlining the growing interest in and support for innovative blockchain-based platforms.
PC: The Economic Times
Balaji Srinivasan; Anatoly Yakovenko and Raj Gokal, Co-founders at Solana; Sandeep Nailwal, Co-founder at Polygon; Ryan Selkis, Founder at Messari; and Sreeram Kannan, Founder at EigenLayer, participated in this round.
Prasanna Sankar, the founder of 0xPPL, said he was quite excited about the latest funding, citing the invaluable industry experience and mentorship the company would derive from working with industry leaders. This will likely catapult 0xPPL to fulfil its dream of turning into one of the leading on-chain social networking platforms, offering a wide array of features and services specifically targeting crypto enthusiasts.
The capital raised will fuel the key drivers of product development, team expansion, and overall growth for 0xPPL. The ambitious vision of 0xPPL is to position itself as the go-to platform for on-chain social interactions; this resonates deeply with the company’s commitment to providing users with an efficient and secure avenue to track portfolios and interface with multivariate blockchain ecosystems.
Emphasizing the capability of the platform, 0xPPL gives users the power to track their portfolios across blockchains in EVM, Solana, Bitcoin, TION, and Cosmos. Users can track how much is staked and invested, profit and loss statements, changes over 24 hours, and rewards, thus helping it to make a better decision in the fast-evolving crypto space.
With 0xPPL, therefore, is a full suite of features that keep users updated on token holdings, protocol updates, NFT valuations, among many other data points. Content sharing-even cross-platform-can be allowed across the likes of Twitter, Farcaster, and Lens Protocol, among others, since a feature for cross-posting exists on this network, which allows increased user interaction and connectedness in the crypto space.
AllianceDAO, one of the lead investors in this funding round, said it believes 0xPPL is innovating in the right direction for taking social networking in the decentralized space to the next level. They have created a safe and user-friendly playground for crypto natives to connect with each other, work together, and share information-this helps solve the evolving needs of the digital world and is a value proposition no other platform has to date offered to the blockchain community.
This strategic funding round marks a strong vote of confidence from both investors and industry leaders in the vision and potential of this platform as 0xPPL begins the next stage of growth and development. With such a solid foundation, wide variety of investors, and clear roadmap for innovation, 0xPPL is fully prepared to reimagine what social networking will be like within the crypto space, while at the same time empowering users to move through the decentralized world with efficiency and ease.
