{"id":73617,"date":"2024-03-13T13:36:24","date_gmt":"2024-03-13T17:36:24","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=73617"},"modified":"2024-03-13T14:05:10","modified_gmt":"2024-03-13T18:05:10","slug":"uxlink-secures-9m-funding-backed-by-okx-kucoin","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/uxlink-secures-9m-funding-backed-by-okx-kucoin\/","title":{"rendered":"UXLINK Secures $9m Funding Backed by OKX, KuCoin"},"content":{"rendered":"\n

The Web3 social network UXLINK<\/a> disclosed that it had raised $9 million in a fundraising round backed by publicly traded corporations and private cryptocurrency.<\/p>\n\n\n\n

\"UXLINK
UXLINK Secures $9m Funding Backed by OKX, KuCoin<\/figcaption><\/figure>\n\n\n\n

With 3.5 million members, Singapore-based web3 social firm UXLINK has drawn $9 million in funding from a consortium of investors.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/UXLINKofficial\/status\/1767745717119135776\n<\/div><\/figure>\n\n\n\n

A press statement stated that OKX Ventures led a group of investors that provided investment to UXLINK. Other investors, including Gate Labs, Matrixport Ventures, Cypher Capital, Web3Port Foundation, and Kucoin Ventures<\/a>, also contributed to the financing. <\/p>\n\n\n\n

Nonetheless, the startup's post-funding round valuation remained undisclosed. Dora Yue, founder of OKX Ventures, said:<\/p>\n\n\n\n

\n

“This innovative concept merges social networking and transactions, creating a robust ecosystem where people can fully leverage their digital assets.”<\/p>\n<\/blockquote>\n\n\n\n

UXLINK stated that it may look for more funding before its token production event in light of its continued interest in its growth trajectory. UXLINK intends to use the proceedings to introduce the “Social Liquidity Chain,” which will enable third-party projects by utilizing EigenDA and Optimism technologies\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

According to reports, UXLINK boasts more than 75,000 decentralized groups in Southeast Asia, the Middle East, Europe, South Asia, and Africa, and it has over 3.5 million verified users since its founding in April 2023. <\/p>\n\n\n\n

Through their web3 “UXGroups” on Telegram, the business essentially doubles down on a unique approach to social finance, connecting real-world trust dynamics with decentralized technologies<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Web3 social network UXLINK disclosed that it had raised $9 million in a fundraising round backed by publicly traded corporations and private cryptocurrency. With 3.5 million members, Singapore-based web3 social firm UXLINK has drawn $9 million in funding from a consortium of investors. A press statement stated that OKX Ventures led a group of […]<\/p>\n","protected":false},"author":43,"featured_media":73619,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1659,9630,12218,18803],"class_list":["post-73617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-funding","tag-kucoin","tag-okx-2","tag-uxlink"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/croc_1710349412649.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/73617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=73617"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/73617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/73619"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=73617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=73617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=73617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}