The encrypted social network 0xPPL has completed a new round of financing, with participation from investors such as AllianceDAO

The encrypted social networking platform 0xPPL has completed a new round of financing, with participation from AllianceDAO, Anagram and Peak XV Partners, as well as angel investors Balaji Srinivasan, Anatoly Yakovenko from Solana Labs and Raj Gokal, and Sandeep Nailwal co-founder of Polygon. The specific amount of financing and valuation information have not been disclosed yet. The new funds will be used to enhance the product supply of 0xPPL, expand its team, and further realize its mission to become a leading on-chain social networking platform. Its main competitors currently include decentralized social networks such as Phaver, Easy and Farcaster.