UXLINK completed a new round of financing, led by SevenX Ventures, INCE Capital and HashKey Capital

PANews reported on May 13 that less than 3 months after the last round of financing, the social infrastructure project UXLINK announced that it had received a new round of financing led by SevenX Ventures, INCE Capital and HashKey Capital, and introduced multiple investors at the same time. This round of financing has exceeded US$5 million, and UXLINK’s total financing to date has exceeded US$15 million, covering many first-tier 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 person in charge of the UXLINK community, the new 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 revenue are steadily increasing, and cash flow is good.

Jon, founding partner of SevenX Ventures, said, "We are optimistic about UXLINK's asset issuance and trading capabilities through socialization, and it will become a key hub linking Web3 infrastructure and application scenarios."

Rui, the investment manager of this project at HashKey Capital, said, “Through private social networking, acquaintance recruitment and Telegram group chat communication mode, UXLINK has quickly become one of the blockchain social platforms with the highest user activity at this stage. The team looks forward to bringing more Web3 native assets and on-chain products are provided to these users to drive Mass Adoption of Web3 applications.”

Alex Yan, executive director of INCE Capital, said: "Social networking is everyone's basic need, and it is also the only way for Web3 to move toward large-scale application. UXLINK has built a new Social Infrastructure with the help of acquaintance relationship chains and social communication mechanisms to allow creative A new generation of web3 social products with large user volumes, high-density connections, and diverse interactions has become possible.”