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DeepNewz, mobile.
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Tapestry, a Solana-based social graph protocol, has successfully raised $5.75 million in Series A funding. The investment round was co-led by Union Square Ventures (USV) and Fabric Ventures. Tapestry aims to reshape the social media landscape by allowing users to create value while the platforms take profits. The protocol plans to leverage state compression technology to develop scalable, AI-powered social applications that combine the speed of web2 with the advantages of web3. This funding reflects a growing interest in web3 social platforms, as evidenced by other deals in the ecosystem.
A burgeoning ecosystem of web3 social web3 deals happening at @fabric_vc ... @usetapestry , @rss3_ , @LensProtocol ,@alfafrens_ from @Superfluid_HQ, @socialgraphvc ... ping @LataPersson for the insights and join the family https://t.co/TfJidluB75
🚨JUST IN: @usetapestry raises $5.75M in Series A led by @usv and @fabric_vc to build the internet’s social graph on Solana. Using state compression, Tapestry aims to deliver scalable, AI-powered social apps with web2 speeds and web3 benefits. https://t.co/CujeONrkL9
Excited to announce our investment in @usetapestry, co-led with @usv! Social media is broken—users create the value, but platforms take the profits. Tapestry is changing that. 🛠️ Composable, Open-Source Social Infra – Devs build freely, no platform lock-in. 💰 Users Share the… https://t.co/TDCUlrQAkh
