Multi-chain SocialFi infrastructure OpenSocial has completed a $5 million seed round financing, led by Portal Ventures and SNZ Capital.

ChainCatcher news, the multi-chain SocialFi infrastructure OpenSocial Protocol has announced the completion of a $5 million seed round financing, led by Portal Ventures and SNZ Capital (early supporters of Ethereum, Chainlink, Cosmos, Arbitrum, Polkadot, and Dfinity), with participation from OKX Ventures, Orange DAO, Animoca Brands, Awesome People Ventures, Arche Fund, Decima Fund, Moonrock Capital, Panony, Summer Ventures; as well as Web3 entrepreneurs such as Smokey the Bera, Brian Fabian Crain, Mike Dudas, Martin El-Khouri, Roham Gharegozlou, Don Ho, Mable Jiang, Adam Jin, Serge Kassardjian, and Jason Yano.

It is reported that OpenSocial aims to achieve true ownership of intellectual property and relationships through a combination of infrastructure and UI layers, along with better-aligned monetization and economic incentive mechanisms.

According to the Web3 asset data platform RootData, OpenSocial is a multi-chain SocialFi infrastructure that provides truly scalable and composable protocols for web3 users, creators, and developers, powering the future multi-chain SocialFi ecosystem.