OpenSocial Protocol Raises $6 Million in Strategic Funding

IconCryptoNewsTerminal Staff25 Jul, 2024

cryptonews.jpg

OpenSocial Protocol Raises $6 Million in Strategic Funding

The OpenSocial Protocol project, an open source social networking platform, has raised $6 million in strategic funding. The funding round was led by Morgenthaler Ventures and included participation from existing investors Benchmark Capital and Google Ventures. This investment will be used to accelerate the development of the OpenSocial Protocol platform and expand the ecosystem of applications and services that run on it. OpenSocial Protocol is a set of standards that allow social networking applications to interact with each other. This enables users to share data and functionality between different social networks, such as sharing photos from Facebook on Twitter or connecting with friends from LinkedIn on Google+. The OpenSocial Protocol project is a non-profit organization that is supported by a consortium of leading social networking companies, including Google, Facebook, Twitter, and LinkedIn. The project's goal is to create a more open and interoperable social networking ecosystem.

Related News