[Funding News] 0xPPL Secures Funding Round from AllianceDAO, Others

0xPPL, a social network that supports crypto natives, has completed its strategic funding round, which was spearheaded by AllianceDAO, Anagram, and Peak XV Partners.

Angel investors, such as Balaji Srinivasan, Anatoly Yakovenko, and Raj Gokal, co-founders of Solana; Sandeep Nailwal, co-founder of Polygon; Ryan Selkis, founder of Messari; and Sreeram Kannan, founder of EigenLayer, also participated in the round.

The capital raised will be used to improve its product, expand its team, and further its mission of becoming the premier on-chain social networking platform.

The capital raised will be utilized to improve the platform, which allows users to monitor portfolios across EVM, Solana, Bitcoin, TION, and Cosmos. Additionally, users can verify invested quantities, profit and loss statements, 24-hour changes, and staking rewards.

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According to 0xPPL, the platform's objective is to facilitate the connection, interaction, sharing of information, and collaboration among its users in the ever-evolving digital environment.

Prasanna Sankar, Founder, 0xPPL, said: “Through this funding, we will be able to get a wealth of knowledge from industry leaders and work with them as we build 0xPPL into a go-to crypto app,”

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About 0xPPL

Founded by Prasanna Sankar, 0xPPL, a decentralized social network for cryptocurrency users.

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