Bondex, a blockchain-powered contender aiming to rival LinkedIn, has successfully concluded a funding round, securing more than $10 million. This capital infusion includes over $4 million from leading investors such as Animoca Brands, Morningstar, Dext Force Ventures, and iAngels, complemented by an additional $6.5 million raised through a community sale hosted on CoinList in March 2024.

The platform is anchored by its native BDXN token, designed to gamify the traditional professional networking experience synonymous with LinkedIn. At its core, Bondex incentivizes users with referral bounties, enabling them to serve as virtual recruitment arms for companies. Successful referrals that result in hires can earn users substantial rewards, either in U.S. dollars or token-based incentives, potentially reaching up to $10,000 per successful recruitment.

According to Ignacio Palomera, CEO and founder of Bondex, a significant portion of the raised funds will be earmarked for platform enhancement initiatives. The objective is clear: to disrupt and challenge the dominance of legacy professional networking sites through innovative blockchain technology solutions.

Bondex has already established partnerships with industry giants such as Binance, Blockchain.com, Chainlink, CoinMarketCap, and Ankr, positioning itself strategically within the blockchain and cryptocurrency sectors. These partnerships underscore Bondex's ambition to expand its network and influence in the evolving Web3 landscape.

Yat Siu, co-founder and Executive Chairman of Animoca Brands, emphasized Bondex's potential to revolutionize recruitment practices within the Web3 ecosystem. He highlighted the platform's innovative approach in leveraging blockchain to redefine traditional recruitment methodologies.

With this successful funding round, Bondex affirms its commitment to reshaping professional networking dynamics by integrating decentralized principles and gamification strategies. The platform's evolution promises to offer users and companies alike a fresh perspective on networking, driven by transparency, efficiency, and incentivized engagement in the burgeoning Web3 era.