The strategic funding round for 0xPPL, a platform for social networking on-chain, was led by AllianceDAO, Anagram, and Peak XV Partners and raised an undisclosed sum.
Other participants in the round included Ryan Selkis, founder of Messari, Sreeram Kannan, founder of EigenLayer, Anatoly Yakovenko, co-founder of Solana, Raj Gokal, co-founder of Solana, and Sandeep Nailwal, co-founder of Polygon.
According to a press release from 0xPPL, the money raised will be utilized to improve the product, expand the team, and further the company’s goal of becoming the leading on-chain social networking platform.
Established in August 2022, 0xPPL is a cutting-edge social network created especially for users who are familiar with cryptocurrency. Their goal is to facilitate easy and entertaining on-chain navigation by providing the security of chain social networking.
With OxPPL, users can monitor their portfolios for EVM, Solana, Bitcoin, TION, and Cosmos in one location. They can also check their invested amount, PnL, 24-hour change, and staking rewards.
Updates on token holdings, protocol positioning, and NFT values are available to users. Cross-posting features facilitate easy content sharing across various platforms such as Twitter, Farcaster, Lens Protocol, and others.
