0xPPL, a next-generation social network for crypto natives has completed a strategic funding round led by Peak XV, AllianceDAO, and Anagram.
Blockchain-based platforms are enabling a new wave of innovation across industries like finance, gaming, and social media
0xPPL, a next-generation social network for crypto natives has completed a strategic funding round led by Peak XV, AllianceDAO, and Anagram.
The strategic funding round also saw the participation of angel investors such as Balaji Srinivasan, Anatoly Yakovenko and Raj Gokal.
The funds will be used by the company to enhance its products, grow its team and advance its mission of being the go-to on-chain social networking platform. It would enable users to track portfolios across EVM, Solana, Bitcoin, TION and Cosmos.
Mr. Prasanna Sankar, Founder of 0xPPL said, "We are so thankful for the belief and confidence placed in our vision. Through this funding, we will be able to get a wealth of knowledge from industry leaders and work with them as we build 0xPPL into a go-to crypto app.”
AllianceDAO Spokesperson said, "0xPPL has the potential to reshape how users engage with blockchain-based platforms. Their vision for seamless on-chain interactions aligns perfectly with where the future of Web3 is heading, particularly as decentralized networks become more integral to how we connect, share, and collaborate online. We are excited to support 0xPPL’s mission and be a part of their transformative journey."
As decentralised technologies continue to evolve, the blockchain industry is undergoing a rapid transformation. Blockchain-based platforms are enabling a new wave of innovation across industries like finance, gaming, and social media.
Social networking within the on-chain world is still in its infancy, with platforms like 0xPPL seeking to offer seamless, engaging experience users enjoy on traditional social media, but with added decentralization, security, and ownership of digital assets.
0xPPL was founded in August 2022. It was designed as a next-generational social network designed specifically for crypto natives. By offering the safety of chain social networking, they aim to make on-chain navigation seamless and engaging. Their idea is to provide a way for users to use, interact, and build their experience with each other in this new decentralized environment.