TechFlow news, according to Coindesk, Solcial, a social network built on the Solana ecosystem, has raised $2.9 million in a funding round led by Alameda Research, with participation from Solana Foundation, Rarestone Capital, GBV, Shift Capital, and Noia Capital. Solcial aims to build a social hub enabling content sharing, news tracking, and even asset trading in a censorship-resistant environment. Idris, the anonymous founder, said about 5% of the planned SLC tokens will be allocated to seed investors, valuing the project at approximately $58 million. The platform has not yet launched and is scheduled to go live in December 2021. It is currently hiring marketing personnel and project developers.
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