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 achieve its mission of becoming the leading on-chain social networking platform.

Its current competitors mainly include decentralized social networks such as Phaver, Easy and Farcaster.