### Solana Social Protocol Tapestry Secures Funding#
Hot Topic Overview
Overview
Tapestry, a Solana-based social graph protocol, has raised $5.75 million in a Series A funding round led by Union Square Ventures and Fabric Ventures, with participation from Stellation Capital, Slow Ventures, and Foresight Ventures. The funding brings Tapestry’s total funding to $12.5 million and its valuation to $35 million. Tapestry aims to provide easy social feature integration for blockchain applications and plans to expand to ecosystems such as Aptos, Monad, and Berachain.
Ace Hot Topic Analysis
Analysis
Tapestry, a Solana social graph protocol, recently closed a $5.75 million Series A funding round led by Union Square Ventures and Fabric Ventures, with participation from Stellation Capital, Slow Ventures, and Foresight Ventures. This brings Tapestry's total funding to $12.5 million and its valuation to $35 million. Tapestry aims to provide easy social integration for blockchain applications. It leverages Solana's state compression technology to build social graphs efficiently and plans to expand to ecosystems like Aptos, Monad, and Berachain. The funding will help Tapestry further develop its technology and expand its market share in the Web3 social space. The successful fundraising for Tapestry demonstrates investor confidence in the future of the Solana ecosystem and Web3 social applications.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Tapestry aims to simplify the integration of social features into blockchain applications
Tapestry leverages Solana's state compression technology to improve the efficiency of social function integration
Tapestry plans to expand to ecosystems such as Aptos, Monad, and Berachain
Tapestry has secured multiple rounds of funding, totaling $12.5 million