0xPPL, a social networking platform for the crypto community, has raised a strategic funding round led by AllianceDAO, Anagram, and Peak XV Partners.
The strategic funding round also saw the participation from 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 funds will be used to enhance its product, grow its team and advance its mission of being the go-to 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.
“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. Their vision for seamless on-chain interactions aligns perfectly with where the future of Web3 is heading, particularly as decentralised networks become more integral to how we connect, share and collaborate online.”
Founded in August 2022, 0xPPL is designed for crypto natives, offering a secure environment for on-chain social networking. It allows users to track portfolios across multiple blockchains like EVM, Solana, Bitcoin, and Cosmos, providing real-time insights into investments, staking rewards, and token positions.
