According to ChainCatcher, the encrypted social networking platform 0xPPL has completed a new round of financing. Investors include AllianceDAO, Anagram, Peak XV Partners, angel investor Balaji Srinivasan, Anatoly Yakovenko and Raj Gokal of Solana Labs, Polygon co-founder Sandeep Nailwal, etc.
The specific amount of financing and valuation information have not been disclosed. The new funds will be used to enhance 0xPPL's product offerings, expand its team, and further realize its mission of becoming a leading on-chain social networking platform.
Its current competitors mainly include decentralized social networks such as Phaver, Easy and Farcaster.