TechFlow news — OpenSocial Protocol, a SocialFi infrastructure platform, has announced the completion of a $5 million seed funding round led by Portal Ventures and SNZ Capital, with participation from Animoca Brands, Awesome People Ventures, Arche Fund, Decima Fund, Moonrock Capital, OKX Ventures, Orange DAO, Panony Group, and Summer Ventures.
OpenSocial Protocol was founded by Everest Ventures Group (EVG), one of Asia’s largest Web3 operating groups focused on consumer applications. The company employs 300 full-time developers from Alibaba, ByteDance, Tencent, and NetEase, and its products serve over 2 million users. EVG is also an early backer of Animoca Brands, The Sandbox, and Dapper Labs.
EVG has allocated a $15 million ecosystem fund to support developer activities on OpenSocial. Additionally, EVG has dedicated 30 of its top internal developers to build on OpenSocial, while another 50 external developers are actively building dApps on the platform.
