How UXLINK is changing social networks with blockchain technology.
Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be construed as financial advice. Please do your own research before making any investment decisions.
With the advent of Web 2, social products are at the forefront of the Internet, empowering users to create and engage with content, empowering millions to make their voices heard. However, this has come at a heavy price as user data has fallen into the hands of a few powerful organizations.
SocialFi or Social Finance is here to change that by combining the power of web3 and the promise of decentralization to give users a more robust social media network where their data and privacy is secure. SocialFi gives users total control as the system is run entirely by decentralized nodes, with no central authority managing the network.
Among the many SocialFi projects, UXLINK is at the forefront of leading the way in social web 3 interaction.
What is UXLINK?
UXLINK is a leading user-driven web3 social platform aiming for mass adoption of SocialFi. The entire infrastructure is built on Telegram and is mainly focused on the “social network of acquaintances”, which empowers users to build a real-world acquaintance social map. “UXLINK strikes a perfect balance at the intersection of basic social principles and core Web3 concepts,” said Yinghao from SevenX Ventures.
This approach is different from UXLINK's competitors such as Friend.Tech and Farcaster, both of which are popular social networking projects. To enhance user-friendliness, UXLINK offers several decentralized applications, all seamlessly integrated with Telegram.
UXLINK also uses Telegram's real-time social data, which allows community modules to access multiple management service tools. With the power of UXLINK's comprehensive set of community tools, users can access the most diverse business scenarios in the blockchain realm, ultimately enhancing their collaboration and engagement.
UXLINK offers an efficient, secure and flexible decentralized social product specifically designed for the Web3 community, successfully attracting over 9 million Externally Owned Accounts (EOAs). This number is about 10 times more than UXLINK's competitors, including friend.tech, and about 30 times more than Farcaster.
Currently, UXLINK has a user base of over 5.7 million registered users with over 1 million active users (DAUs) across various decentralized applications. Additionally, UXLINK has more than 300,000 daily active users (DAUs) per chain.
UXLINKs first season airdrop is underway, targeting the top 10% of users and scaling over 550,000.
Learn more about UXLINK here
Web3 powered groups
UXLINK is the world's largest social platform based on Web3 Groups, with over 100,000 groups hosting over 7 million users. UXLINK can achieve high user growth by using RWS protocol and link method to achieve reliability.
These teams can connect to many Web3 applications through GWallet, which is a team chain wallet on UXLINK. By doing so, users can create decentralized applications that interact as a team, ultimately enriching the overall interaction roles of the Web3 ecosystem.
On the other hand, Ggraph, which is a group chain graph, is a social graph based entirely on group relationships, which helps to provide an accessible database for group-based application scenarios.
Essentially, the purpose of the groups is to act as a sort of disruptive traffic organization and help users find trusted situations, up-to-date communications and free customer service.
UXLINK product design
UXLINK is committed to leading an integrated social ecosystem aimed at delivering web3 traffic, social marketing and infrastructure. The UXLINK product architecture diagram is as follows:
The UXLINK product ecosystem is composed of three distinct layers.
These layers are as follows:
1. Application layer
The application layer includes UX Discover and Social DEX, which help users discover, engage and invest in different group contexts. This layer also empowers third-party developers, empowering them to build apps tailored to user needs.
2. Protocol layer
A protocol layer gives users true ownership of their social interactions and data. Developers are empowered to use these protocols as they provide personalized user experiences that include AI-drive algorithms, recommendations, and team structures.
3. Social fluid layer
Although this layer is not yet operational, it aims to establish a user-centric infrastructure that represents social relationships and data assets. The layer helps to facilitate secure and seamless transfer across various public blockchains and decentralized applications.
At their core, with both a protocol and social fluid layer, developers have the opportunity to build a robust infrastructure, which ultimately provides space for building innovation and improving user engagement.
Trusted network and social connections
When it comes to areas focused on property and financial activities, trust in social networks is important.
This is because trust creates a sense of security that helps foster continued user engagement, which ultimately helps develop internal “trust” in familiar networks. As a result, users develop strong loyalty to UXLINK over time.
Another key area where UXLINK excels is its ingeniously designed architecture to harness the power of true socialization. allowing UXLINK to function essentially as a complex data mining machine.
UXLINK achieves this by mining and migrating real-time social networks to generate different types of data. This information ranges from basic acquaintance relationships to more complex associations including person-group, person-network, person-project, and person-resource relationships.
UXLINK connector
UXLINK also acts as a super link that acts as a central hub between two connected closed loops. There are two types of closed loops including:
1. Small closed rings
UXLINK effectively connects users, products and developers across the product stack. This addresses the core needs of users and developers, and also fosters a strong user-product community.
2. Wide closed rings
The broader closing loop includes infrastructure, traffic, and applications. It has a three-layer architecture of layer/chain-protocol-dap/app with an underlying trust network. UXLINK has the power to seamlessly bridge the gap between Web3's core components, including infrastructure and applications, with the help of traffic.
Learn more about UXLINK here
UXLINK developer team
A key element behind UXLINK's success is an S-level or special-level founder who successfully leads an S-level team.
Both the founder and his team have years of entrepreneurial experience in the tech industry, giving them unique expertise in product R&D, development strategies, operations and fundraising.
The team has already managed social products with over a hundred million users and has demonstrated their ability to iterate while fully embracing web3 by understanding the concepts, technical frameworks and economics of web3. Not only this, they have gone beyond the standard navigation and successfully developed UXLINK.
At the same time, the team has demonstrated strong execution and asset integration capabilities by delivering products quickly, establishing multiple partnerships and conducting multiple partnerships. All this helped to improve their entrepreneurship and business skills.
Not surprisingly, due to the unique skills of the team and founder, UXLINK has received funding from several crypto Venture Capitalists (VCs), including OKX Ventures and Matrixport Ventures. The total funding reached 9 million dollars.
In March 2024, UXLINK announced a new financing round led by SevenX Ventures, INCE Capital and HashKey Capital. The financing reached a total of 5 million USD and confirms the growing confidence of VCs in UXLINK.
None of this would be possible without UXLINK's core principles of openness, modularity and convenience.
UXLINK: Facilitating the right socialization
UXLINK recognizes the importance of real social interactions and experiences, so it aims to reflect those real-life social dynamics.
UXLINK achieves this by emphasizing two-way interactions characterized by communication, collaboration, and cooperation, as opposed to the typical one-sided interactions on social media.
Trust is built through direct or indirect support. Interpersonal relationships naturally evolve from one-on-one interactions to groups, helping to develop multidimensional relationships and network effects.
Additionally, UXLINK's goal is to effectively address what defines a successful social product and what doesn't. There are two ways UXLINK uses addresses, including digitizing real-world social interactions to help create unique online experiences.
Another approach involves creating entirely new social situations, such as matchmaking and puzzle solving. UXLINK incorporates both of these mechanisms, thereby providing comprehensive scenarios that are effectively optimized for Web3.
The future of UXLINK
Social networks undoubtedly benefit from having a higher user base because the more users a network has, the more valuable it is to all participants.
However, for this to happen, UXLINK has to reach a certain point where it is actively trying to do this in collaboration with top industry projects. UXLINK is also using rigorous selection methods to help select high-quality users to improve engagement.
Ultimately, this will help improve the project's reputation and credibility not only among consumers but also among stakeholders, reflecting the brand. With this in mind, UXLINK may be worth more than $200 in the coming years.
Final thoughts
Overall, with the evolution of web3 and the emergence of social media, UXLINK has a lot to offer the community with its unique vision and smart architecture that helps import web2 traffic to web3. As the UXLINK ecosystem leverages the unique DeFi, NFT and GameFi ecosystem, it builds a unique and innovative social infrastructure for users.
Since UXLINK is a unified product, users and developers in one place, it shows that the demand will only increase by attracting more users in the coming years!
Link: Telegram | Twitter
Disclaimer
This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to The Integrity Project's guidelines for impartial and transparent reporting, this content was created by a third party and is intended for promotional purposes. Readers are advised to independently verify information and consult with experts before making decisions based on this sponsored content. Please note that our terms and conditions, privacy policies and disclaimers have been updated.