0xPPL Closes Strategic Funding Round Led by Peak XV, AllianceDAO, Anagram

0xPPL, a platform dedicated to revolutionizing social networking in the on-chain world, declared the completion of its strategic funding round. The round was led by notable investors, including AllianceDAO, Anagram, and Peak XV Partners.

In addition to the leading investors, 0xPPL said that it has also received substantial backing from an esteemed group of angel investors including, 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 many more.

“We are so thankful for the belief and confidence placed in our vision,” said Prasanna Sankar, Founder of 0xPPL. He added, “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.”

This significant achievement marks a major milestone in the platform’s journey of making on-chain navigation seamless, easy and accessible to all. 0xPPL aims to enable its users to connect, interact, share information, and even collaborate with each other within the constantly changing digital environment.

The company said that funds will play a crucial role in helping 0xPPL to enhance its product, grow its team and advance its mission of being the go-to on-chain social networking platform. With the funding, OxPPL is poised to enhance its platform, which already enables users to track portfolios across EVM, Solana, Bitcoin, TION and Cosmos, all at one place while also checking invested amount, profit and loss (PnL), 24-hour 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.

“0xPPL has the potential to reshape how users engage with blockchain-based platforms," said xyz. Their vision for seamless on-chain interactions aligns perfectly with where the future of Web3 is heading, particularly as decentralized networks become more integral to how we connect, share, and collaborate online. We are excited to support 0xPPL’s mission and be a part of their transformative journey” AllianceDAO Spokesperson stated.

As decentralized technologies continue to evolve, the blockchain industry is undergoing a rapid transformation. Blockchain-based platforms are enabling a new wave of innovation across industries like finance, gaming, and social media. However, the complexity of navigating multiple blockchain ecosystems and managing assets across various networks remains a challenge. Social networking within the on-chain world is still in its infancy, with platforms like 0xPPL seeking to offer the same seamless, engaging experience users enjoy on traditional social media, but with added decentralization, security, and ownership of digital assets.