0xPPL closes strategic round led by Peak XV, others

0xPPL, a platform dedicated to social networking in the on-chain world, has raised its strategic funding round led by AllianceDAO, Anagram, and Peak XV Partners for an undisclosed amount. 

Balaji Srinivasan, Anatoly Yakovenko (co-founder at Solana), Raj Gokal (co-founder at Solana), Sandeep Nailwal (co-founder at Polygon), Ryan Selkis (founder at Messari), Sreeram Kannan (founder at EigenLayer) and others have also participated in the round. 

The proceeds will be used to enhance product, grow team and advance the company’s mission of being the go-to on-chain social networking platform, 0xPPL said in a press release.

Founded in August 2022, 0xPPL is a next-generation social network designed specifically for crypto natives. By offering the safety of chain social networking, they aim to make on-chain navigation easy and engaging. 

OxPPL enables users to track portfolios across EVM, Solana, Bitcoin, TION and Cosmos, all at one place while also checking invested amount, PnL, 24hr change and staking rewards. 

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 and Lens Protocol and more.