0xPPL, an innovative social networking resource for the crypto community, has completed a major round of strategic investments targeting its capabilities. However, some notable investors, such as Peak XV Partners, Alliance DAO, and Anagram, were involved in this effort. This investment focuses on building the platform’s growth, improving the products offered, and reinforcing its position as the preferred platform for on-chain social networks.

Set up in August 2022, 0xPPL’s mission is to completely change how cryptocurrency enthusiasts come around, communicate, and spread information. With this new funding, 0xPPL intends to use the funds to introduce cutting-edge technologies such as decentralized identity management, token integration, and better user interaction tools. The platform already has interesting features like integrated chat, NFT capabilities, and current market information.

Peak XV and AllianceDAO Lead the Charge

Some of those, such as Mr. Balaji Srinivasan, Mr. Anatoly Yakovenko (Solana’s co-founder), Mr. Raj Gokal (Solana’s co-founder), and Mr. Sandeep Nailwal (Polygon’s co-founder) a few other prominent figures of crypto space have further emerged as key players on the platform.

They all are supporting 0xPPL vision of revolutionizing social interactions within the crypto ecosystem. Such investments are likely to contribute to the development of the next generation of social 0xPPL features that will enable users to traverse the decentralized web effectively.

Addressing this concern, one spokesperson of the AllianceDAO stressed that it is crucial to “support those platforms that are shaping the dawn of digital interaction” and therefore believes that 0xPPL can safely and effectively service the needs of crypto users worldwide.

The Road Ahead for 0xPPL

The money raised will be useful in developing 0xPPL’s infrastructure, increasing the audience, and adding some new features working cross-platform. With the ongoing technological shift taking place in the world today and how it has touched most if not all, sectors, 0xPPL intends to be in a position to provide cutting-edge services to users through a rather unconventional form of social networking—blockchain-based.

OxPPL’s founder, Mr. Prasanna also shared his views on this successful funding round. He 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.”