We had the opportunity to speak with Yinghao from SevenX Ventures about their latest investment in UXLINK, a globally leading social platform focusing on Web3-powered group building. Yinghao shared insights into why SevenX Ventures believes in UXLINK’s potential and how it aligns with the core principles of Web3.
Can you tell us about SevenX Ventures’ decision to invest in UXLINK?
“SevenX Ventures is thrilled to announce our investment in UXLINK,” Yinghao began. “We see UXLINK striking a delicate balance at the intersection of fundamental social principles and core Web3 concepts. Starting from the first principles of social interaction, UXLINK has leveraged profound insights into the real needs and pain points of Web3 users and projects. This has allowed them to catalyze network effects and harness intrinsic Web3 incentives and wealth effects.”
What makes UXLINK stand out in the Web3 social platform space?
“UXLINK has quickly become the fastest-growing network with the highest quality user accumulation and strongest monetization capability among group-oriented Web3 social platforms,” Yinghao explained. “With its core principles of openness, modularity, and convenience, UXLINK has created a user-friendly development environment for various projects and developers. This enables deep and targeted connections between projects and their user bases, solidifying network depth and expanding network boundaries. From this perspective, we are bullish on UXLINK’s ability to foster asset issuance and trading through socialization, becoming a key hub linking Web3 infrastructure and application scenarios.”
Can you highlight some of UXLINK’s achievements and milestones?
“UXLINK has introduced a groundbreaking user connection method and organizational structure through its ‘Link To Earn’ mechanism and disruptive ‘Web3-enabled groups,'” Yinghao noted. “This has led to the establishment of a unique protocol and data layer that provides substantial value to developers operating in the Web3 space. Currently, UXLINK boasts a user base of over 5.7 million registered users, with more than 100,000 groups. It also records over 1 million daily active users (DAUs) on DApps and over 300,000 on-chain daily active users (DAUs). Additionally, UXLINK’s first-season airdrop is in progress, targeting the top 10% of users and surpassing a scale of 550,000.”
What is the narrative behind UXLINK’s product and ecosystem?
“UXLINK is dedicated to leading an integrated social ecosystem aimed at channeling Web3 traffic, social trading, and infrastructure,” Yinghao shared. “The product ecosystem is structured into three distinct layers:
- Application Layer: This layer encompasses UX Discover and Social DEX, facilitating users in social discovery, participation, and investment within group contexts. It also empowers third-party developers to craft diverse applications tailored to user preferences.
- Protocol Layer: At the core of UXLINK’s architecture lies its protocol layer, housing social protocols grounded in real-world relationships. This framework grants users true ownership over their social connections and data. Developers leverage these protocols to deliver personalized user experiences, including AI-driven algorithms, recommendations, and group formations. By addressing the challenge of data silos prevalent in the Web3 landscape, social data becomes a potent resource for innovation.
- Social Liquidity Layer (Planned): The forthcoming Social Liquidity Layer aims to establish a user-centric infrastructure that tokenizes social relationships and data assets. This layer facilitates their seamless transfer across various public chains and DApps in a secure manner. Both the Protocol and Social Liquidity layers serve as robust infrastructure for developers, offering unique opportunities for innovation and user engagement.”
Product architecture diagram:
How does UXLINK approach authentic socialization and trusted networks?
“UXLINK embodies a shift towards genuine social connections and experiences, coupled with innovation in Web3 fundamentals,” Yinghao stated. “At the heart of UXLINK is a focus on authentic interpersonal relationships that mirror real-life social dynamics. Trust, established through direct or indirect endorsements, is crucial for actions like recommendations and transactions. UXLINK’s architecture is designed to harness the power of genuine socialization, essentially functioning as a sophisticated data production machine. This generates various types of data, ranging from basic acquaintance connections to more intricate associations such as person-group, person-network, person-project, and person-asset relationships.”
What are UXLINK’s strategies for assets and finance in the Web3 landscape?
“UXLINK focuses on activating existing asset trading, facilitating the issuance and circulation of new assets, and accommodating different types of assets,” Yinghao elaborated. “By transforming personal relationships into valuable network assets, UXLINK increases the turnover frequency of assets and supports the issuance of new assets with new narratives and standards. On the financial side, UXLINK ensures that users directly benefit from their contributions to the ecosystem, promoting a sustainable and engaging environment.”
How does UXLINK function as a connector in the Web3 ecosystem?
“UXLINK serves as a super-connector, acting as a central hub between two interconnected closed loops,” Yinghao explained. “Firstly, it links users, products, and developers, addressing core needs and fostering a robust user-product community. Secondly, it bridges infrastructure, traffic, and applications, enhancing cohesion and collaboration in the fragmented Web3 landscape.”
What advantages does UXLINK’s team bring to the table?
“The UXLINK team epitomizes the configuration of a typical S-tier founder leading an S-tier team,” Yinghao highlighted. “With several years of entrepreneurial experience in the internet industry, the team possesses exceptional expertise in product research and development, growth strategies, operations, and fundraising. Their commitment to first principles ensures a robust product-market fit, starting from actual user needs and integrating Web3 concepts effectively.”
What potential does UXLINK hold for establishing core resources in Web3?
“As the pioneer of Web3 social products deeply rooted in personal relationships, UXLINK is rapidly constructing personal networks and achieving a phase of leadership,” Yinghao emphasized. “The platform’s objective monopoly on personal networks extends to defining scenarios and pricing resources, reinforcing its dominance in the Web3 space. The self-reinforcing networks of acquaintances and brands further enhance its value.”
How does UXLINK balance purist and pragmatist approaches in Web3?
“UXLINK’s approach of ’embracing both sides’ offers a promising middle ground between decentralization and user experience,” Yinghao concluded. “By integrating decentralization with user-friendly incentives, UXLINK aims to create a more balanced and user-friendly Web3 ecosystem. This approach bridges the gap between purist and pragmatist developers, fostering sustainable and widely adopted applications.”
In summary, Yinghao’s insights reveal UXLINK’s thoughtful balance between idealism and practicality in Web3, creating meaningful value for developers and users alike. SevenX Ventures is confident in UXLINK’s potential to become a key hub linking Web3 infrastructure and application scenarios.