0xPPL Secures Strategic Funding Round Led by Top Crypto Investors
- ByStartupStory | September 4, 2024
0xPPL, a social network tailored for crypto enthusiasts, has successfully closed a strategic funding round led by AllianceDAO, Anagram, and Peak XV Partners. The round also attracted notable angel investors including Balaji Srinivasan; Anatoly Yakovenko and Raj Gokal, Co-founders at Solana; Sandeep Nailwal, Co-founder at Polygon; Ryan Selkis, Founder at Messari; and Sreeram Kannan, Founder at EigenLayer.
The influx of capital is set to bolster 0xPPL’s efforts to enhance its product, expand its team, and further its goal of becoming the leading on-chain social networking platform. “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,” said Prasanna Sankar, Founder of 0xPPL.
The new funds will be utilized to refine the platform’s features, which allow users to monitor portfolios across multiple networks including EVM, Solana, Bitcoin, TION, and Cosmos. Users can track invested amounts, profit and loss statements, 24-hour changes, and staking rewards. The platform also supports features such as cross-posting, enabling seamless content sharing across Twitter, Farcaster, Lens Protocol, and more.
“Users can stay updated on token holdings, protocol positioning, and NFT values and also benefit from cross-posting features that enable seamless content sharing across platforms like Twitter, Farcaster, Lens Protocol and more,” 0xPPL stated.
A spokesperson for AllianceDAO remarked, “This strategic investment reflects our belief and commitment towards the next generation social network by 0xPPL that offers a safe and seamless way for the crypto natives to navigate the decentralized world.”
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