Source: Official press release

Less than 3 months after the last round of financing, the social infrastructure project UXLINK announced that it has received a new round of financing led by SevenX Ventures, INCE Capital and HashKey Capital, and introduced multiple investors. This round of financing totaled over 5 million US dollars, and UXLINK's total financing to date has exceeded 15 million US dollars, covering many first-line institutions and well-known individuals from Europe, America, Asia, and the Middle East.

UXLINK is a social platform and infrastructure based on "acquaintance social relationships" and groups, with more than 5.5 million registered users, more than 1 million daily active users, and more than 100,000 groups. According to the head of the UXLINK community, the newly raised funds will be mainly used for ecological and post-TGE product development to better support the issuance, distribution and trading of social assets. At present, UXLINK DAPP and protocol revenues are steadily increasing, with good cash flow.

Jon, founding partner of SevenX Ventures, said, “We are optimistic about UXLINK’s ability to issue and trade assets through social means, and that it will become a key hub linking Web3 infrastructure and application scenarios.”

Rui, the investment director of the project at HashKey Capital, said, "Through private social networking, attracting new users through acquaintances, and Telegram group chat communication models, UXLINK has quickly become one of the blockchain social platforms with the highest user activity at this stage. The team looks forward to providing more Web3 native assets and on-chain products to this group of users to drive mass adoption of Web3 applications."

Alex Yan, Executive Director of INCE Capital, said: "Social interaction is a basic need for everyone and is also the only way for Web3 to move towards large-scale application. UXLINK has built a new set of Social Infrastructure with the help of acquaintance relationship chain and social communication mechanism, making it possible to create a new generation of web3 social products with large user volume, high-density connection and diverse interactions."