0xPPL, a social networking platform for the crypto community, has bagged an undisclosed amount in a funding round co-led by Peak XV Partners, AllianceDAO and Anagram
The round also saw participation from a clutch of angel investors such as entrepreneur Balaji Srinivasan and Polygon cofounder Sandeep Nailwal among others
With this infusion, 0xPPL looks to enhance its product, grow its team and advance its mission of being the go-to on-chain social networking platform
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0xPPL, a social networking platform for the crypto community, has bagged an undisclosed amount in a funding round co-led by Peak XV Partners, AllianceDAO and Anagram.
The round also saw participation from a clutch of angel investors, including entrepreneur Balaji Srinivasan, Polygon cofounder Sandeep Nailwal and Solana cofounders Anatoly Yakovenko and Raj Gokal among others.
With this infusion, 0xPPL looks to enhance its product, grow its team and advance its mission of being the go-to on-chain social networking platform.
Additionally, the tech startup 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, PnL, 24hr change and staking rewards.
Prasanna Sankar, founder of 0xPPL said, “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.”
Founded in 2022 by Sankar, 0xPPL has been offering a platform for crypto natives with a decentralized social network. The application is used for portfolio and wallet tracking. It has over 1,000 downloads on Google Play Store currently.
With Bitcoin touching its all-time high of $73K in March, Indian crypto investors seemed to be frolicking on back-to-back jackpots.
According to crypto experts, despite the turbulence that the Indian cryptocurrency market experienced over the past two years, the demand of cryptocurrencies has increased exponentially since February and trading volumes on some major exchanges have shot up in the range of 150-250%.
This development comes days after WazirX experienced $230 Mn crypto heist, cryptocurrency platform CoinSwitch said that it will be initiating a legal action against the crypto exchange to recover 2% of its trapped funds.
Meanwhile, decentralised crypto exchange (DEX) Brine Fi raised $16.5 Mn in its Series A funding round led by Pantera Capital at a valuation of $100 Mn, in September 2023.
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