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Encrypted social network 0xPPL completed a new round of financing, AllianceDAO and other participation

Crypto social network platform 0xPPL has completed a new round of financing. AllianceDAO, Anagram and Peak XV Partners, as well as angel investors Balaji Srinivasan, Anatoly Yakovenko and Raj Gokal of Solana Labs, and Polygon co-founder Sandeep Nailwal participated in the investment. The specific financing amount and valuation information have not been disclosed. The new funds will be used to enhance 0xPPL's product offering, expand its team, and further realize its mission to become a leading on-chain social network platform. Currently, its competitors mainly include decentralized social networks such as Phaver, Easy and Farcaster.