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DeepNewz, mobile.
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Nascent.xyz, IDEO VC, and DWR have announced their investment in Yup.io, highlighting a shared vision for the future of open social platforms. This investment aligns with the growing trend of integrating social elements into technology, which is expected to enhance connectivity and creativity among users. Additionally, OpenSocial Protocol has successfully raised $6 million in funding from Framework Ventures and North Island Ventures, bringing its total funding to $26 million. This funding aims to support the development of a composable infrastructure layer for building social applications, positioning OpenSocial as a significant player in the SocialFi movement across Asia. The platform has also achieved over 470,000 on-chain transactions, indicating a robust user engagement and adoption.
1/ We just co-led a $6M round in Open Social Protocol (@OpenSocialLabs), a composable infrastructure layer for building social apps. We think the OpenSocial team is positioned to become a major player in the growing SocialFi movement across Asia. Full @TheBlock__ article & 🧵👇 https://t.co/0Oc5MokswB
1/ We just co-led a $5M round in Open Social Protocol (@OpenSocialLabs), a composable infrastructure layer for building social apps. We think the OpenSocial team is positioned to become a major player in the growing SocialFi movement across Asia. Full @TheBlock__ article & 🧵👇 https://t.co/DfN08IOnTR
1/ We just co-led a $6M round in OpenSocial Protocol (@OpenSocialLabs), a composable infrastructure layer for building social apps. We think the OpenSocial team is positioned to become a major player in the growing SocialFi movement across Asia. Full @TheBlock__ article & 🧵👇 https://t.co/m4aFWSMI5G