OpenSocial Protocol Secures $6 Million in Funding
According to BlockBeats news, on July 25th, the Web3 community platform OpenSocial Protocol raised $6 million in funding. Leading this funding round were Framework Ventures and North Island Ventures, with participation from Hivemind Capital Partners, Stratos, Moonrock Capital, and other companies. This latest funding brings OpenSocial’s total funding to $26 million.
OpenSocial Protocol is known for building the elements of intellectual property, community relationships, monetization, and financial incentives for web3 applications. The platform serves as foundational infrastructure for multi-chain community economies, prioritizing user retention and growth while minimizing bot activity.
Achieving Milestones in Web3 Innovation
OpenSocial’s ability to secure significant funding reflects the growing interest and investment in the web3 space. With the support of Framework Ventures and North Island Ventures, the platform is well-positioned to continue developing and enhancing its community-driven approach to decentralized applications.
By focusing on aspects such as knowledge sharing, community building, and economic empowerment, OpenSocial Protocol aims to create a sustainable and engaging environment for users across various blockchain networks. This recent funding round marks a milestone in the platform’s journey towards further innovation and growth within the web3 ecosystem.
