OpenSocial Protocol, a SocialFi infrastructure project founded by Everest Ventures Group (EVG), announced the completion of a $5 million seed round. The round was 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, Summer Ventures and many other well-known investment institutions. EVG is one of the largest Web3 operating groups in Asia, focusing on consumer applications, with more than 300 full-time developers from Alibaba, ByteDance, Tencent and NetEase, and more than 2 million users of its products. EVG is also an early supporter of Animoca Brands, Sandbox and Dapper Labs. To support the development of OpenSocial, EVG has allocated a $15 million ecosystem fund for developers to use and deployed 30 top internal developers to develop OpenSocial, in addition to 50 developers building DApps on OpenSocial.

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<p>News from TechFlow: SocialFi infrastructure OpenSocial Protocol has announced the completion of a $5 million seed round of financing, 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, Summer Ventures, and others.</p>
<p>OpenSocial Protocol was founded by Everest Ventures Group (EVG), one of the largest web3 operating groups in Asia, specializing in consumer applications. They have 300 full-time developers from Alibaba, ByteDance, Tencent, and NetEase, with over 2 million users for their products. EVG is also an early supporter of Animoca Brands, Sandbox, and Dapper Labs.</p>
<p>EVG has allocated $15 million for an ecosystem fund for developers to build on OpenSocial. EVG has also deployed 30 top-notch internal developers to develop OpenSocial. In addition to EVG, there are 50 developers building dApps on OpenSocial.</p>
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OpenSocial Protocol Completes $5 Million Seed Round Led by Portal Ventures and Others