BBL Secures Additional $3 Million for Web3 Social Expansion

IconCryptoNewsTerminal Staff15 Jul, 2024

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BBL Secures Additional $3 Million for Web3 Social Expansion

BBL, a leading Web3 social protocol, has announced an additional $3 million in funding through a Series X funding round. The latest investment brings BBL's total funding to $10 million, enabling the company to accelerate its growth trajectory in the Web3 social space. Existing investors HashKey Capital, Samsung Next, Digital Currency Group, DWF Labs, LD Capital, and Cyber Capital renewed their support for BBL, expressing confidence in the company's mission to revolutionize social interactions through Web3 technology. The funding will primarily be utilized to enhance BBL's existing features and explore new developments that cater to the evolving needs of its user base. BBL aims to foster a decentralized and community-driven social experience where users have greater control over their data and privacy. The platform empowers its users to create, share, and interact with content, fostering a sense of connection and ownership not commonly found in traditional social media platforms. With its commitment to innovation and user empowerment, BBL is well-positioned to continue its expansion in the rapidly growing Web3 ecosystem. The company's vision aligns with the growing demand for decentralized and user-centric social experiences, and this latest funding will undoubtedly contribute to its ongoing success.