UXLINK Secures Strategic Investment from Blockchain Powerhouse Animoca Brands
CryptoNewsTerminal Staff03 Sep, 2024
UXLINK Secures Strategic Investment from Blockchain Powerhouse Animoca Brands
Web3 social platform UXLINK has announced a strategic investment from Animoca Brands, a leading investment firm in the blockchain and NFT gaming space. The amount of investment was not disclosed. This investment will bolster UXLINK's mission to create a decentralized and user-centric social media experience. UXLINK is a social platform that aims to empower users by giving them ownership and control over their data and content. The platform is powered by the X Protocol, a blockchain-based protocol that enables users to create and manage their own social identities, as well as connect with others in a secure and transparent way. Animoca Brands is a venture capital firm that invests in and develops blockchain and NFT-related products and services. The firm has a portfolio of over 380 investments, including some of the leading names in the blockchain industry, such as Axie Infinity, Sandbox, and OpenSea. The strategic investment from Animoca Brands is a significant milestone for UXLINK. It will provide the platform with the resources and expertise it needs to further develop its platform and expand its user base.
