Bittime – UXLINK announced the acquisition of fresh funds in its latest funding round led by SevenX Ventures, INCE Capital, and HashKey Capital. This funding round raised more than $50 million, bringing UXLINK's total funding to more than $150 million.

These funds come from leading institutions and renowned individuals around the world, including from North America, Europe, Asia, and the Middle East.

UXLINK: Fast-Growing Social Platform

UXLINK has grown into a social platform with a significant user base, with more than 5.5 million registered users, 100 million daily active users, and more than 100,000 groups.

UXLINK's dynamic community is an attraction for investors who see great opportunities in this platform.

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Focus on Fund Utilization and Future Targets

According to UXLINK community representatives, these fresh funds will be focused on post-TGE or Token Generation Event product development and ecosystem development. These funds will be used to support the decentralized issuance, distribution, and trading of assets via the UXLINK social media platform.

Currently, UXLINK is recording stable DApp (Decentralized Application) and protocol revenue growth, with positive cash flow.

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Famous Investor Support

The investors involved in this funding round demonstrated their strong belief in UXLINK's potential.

Jon, Founding Partner of SevenX Ventures, expressed optimism about UXLINK's ability to facilitate the issuance and trading of assets through its social media platform and establish it as a critical link between Web3 infrastructure and various applications.

Rui, Investment Lead for the UXLINK project at HashKey Capital, highlighted UXLINK's strategy of leveraging personal social media, user recruitment through intimate social networks, and information dissemination model through Telegram groups.

This strategy has proven effective in making UXLINK one of the blockchain social media platforms with the highest level of user activity today. The UXLINK team plans to introduce more Web3 native assets and products to this growing user community, driving mass adoption of Web3 applications.

Alex Yan, Executive Director of INCE Capital, emphasized the fundamental role of social media in everyday life and as the key to unlocking mass adoption of Web3.

UXLINK, by utilizing a network of close social relationships and information dissemination mechanisms through social media, has built an innovative social infrastructure.

This paved the way for the creation of a new generation of Web3 social media products with a large user base, close connections, and diverse interactions.

This latest funding round is an important milestone for UXLINK in strengthening its position as a leading social media platform in the Web3 era.

With significant funding support and a growing user community, UXLINK is poised to expand its reach, enrich its ecosystem, and play a critical role in driving mass adoption of Web3.

UXLINK: More Than Just Social Media, But a Promising Web3 Infrastructure

UXLINK is not just an ordinary social media platform. By combining elements of social networking and blockchain infrastructure, UXLINK aspires to become a key player in the Web3 ecosystem. Let's discuss some of the things that make UXLINK interesting:

1. Social at the Core of Web3

UXLINK understands that social networks are an important aspect of our digital lives. By integrating Web3 features into familiar social media platforms, UXLINK can facilitate the mass adoption of blockchain technology.

2. Bridging the Gap between Users and Web3

UXLINK focuses on users with existing social networks. This can help reduce the barrier to entry for new users looking to explore the world of Web3. UXLINK has the potential to be a bridge connecting Web2 users with Web3 innovation.

3. Empowering the Community

UXLINK is not only focused on growing the platform but also on empowering its community. The planned tokenization model can provide benefits and voting rights to users, creating an inclusive and participatory ecosystem.

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Conclusion

UXLINK, with its unique blend of social media and Web3 infrastructure, offers a compelling solution to drive mass adoption of blockchain technology. The latest funding round and support from well-known investors is validation of UXLINK's potential.

However, to achieve long-term success, UXLINK needs to overcome existing challenges and continue to innovate. We look forward to UXLINK's development in shaping the future of social media and Web3.

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