UXLINK receives new round of financing from SevenX Ventures, INCE Capital and HashKey Capital

According to official news, 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 more than 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 the development of the ecosystem and post-TGE products to better support the issuance, distribution and trading of social assets. At present, UXLINK DAPP and protocol revenues are steadily increasing, and cash flow is good.

SevenX Ventures founding partner Jon said, "We are optimistic about UXLINK's asset issuance and trading capabilities nurtured through social means, becoming a key hub for linking Web3 infrastructure and application scenarios."

HashKey Capital's investment director Rui said, "Through private domain social networking, 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 the development of Web3 applications. Alex Yan, Executive Director of INCE Capital, said: "Social interaction is everyone's basic need 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 interaction."

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