Web3 social network UXLINK revealed that it has raised $9 million in a funding round supported by private crypto and publicly listed companies.

Singapore-based web3 social startup UXLINK has secured $9 million in capital from a consortium of investors, as its user base reaches 3.5 million. The funding round, led by OKX Ventures, also saw participation from Web3Port Foundation, Cypher Capital, Kucoin Ventures, Gate Labs, and Matrixport Ventures.

The startup, which merges social networking and transactions, plans to utilize the funding to launch its "Social Liquidity Chain," leveraging Optimism and EigenDA technologies to support third-party developments. Despite the undisclosed valuation post-funding, UXLINK expressed intentions to seek additional funding ahead of its token generation event, indicating continued investor interest in its growth trajectory.

Since its establishment in April 2023, UXLINK has grown rapidly, amassing over 3.5 million verified users and establishing more than 75,000 decentralized groups across various regions worldwide. With its innovative approach to social finance, UXLINK aims to bridge real-world trust dynamics with decentralized applications through its web3 "UXGroups" on Telegram.