SocialFi infrastructure OpenSocial completes $5 million in financing
SocialFi infrastructure OpenSocial Protocol announced the completion of a $5 million seed round of financing, led by Portal Ventures and SNZ Capital, with participation from Animoca Brands, Awesome People Ventures, Arche Fund, Decima Fund, Moonrock Capital, OKX Ventures, Orange DAO, Panony Group, Summer Ventures, and others.
OpenSocial Protocol is an open-source social infrastructure layer founded by Everest Ventures Group (EVG). EVG has set aside a $15 million ecosystem fund for developers to develop on OpenSocial. EVG has also deployed 30 internal developers to develop OpenSocial, and another 50 developers are building DApps on OpenSocial outside of EVG.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jump sues former Firedancer Solana client engineer
The lawsuit illustrates a tension between the ethos of the open-source crypto world and the reality of doing business with institutions
MicroStrategy Brings Forward Debt Repayment in Optimistic Strategy
Vitalik Buterin warns: Politician tokens are “perfect vehicle for bribery”
Vitalik Buterin Urges Layer 2 Networks to Share Fees to Support Ether
Trending news
MoreCrypto prices
More
