OpenSocial Protocol Raises $6M to Democratize Web3 Social Connectivity

IconCryptoNewsTerminal Staff25 Jul, 2024

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OpenSocial Protocol Raises $6M to Democratize Web3 Social Connectivity

Web3 infrastructure financier OpenSocial Protocol has accrued a $6 million funding led by Framework Ventures and North Island Ventures. With the new fundings, OpenSocial protocol aims to further develop the protocol infrastructure and customizable UI layer to accommodate thousands of apps. Osprey's foremost app, "summon" had over 30,000 on-chain active users in two weeks since its launch. It averaged 20 minutes per session and over 300,000 on-chain transactions, excluding spam bots.