SocialFi infrastructure OpenSocial raises $5 million

Golden Finance reported that SocialFi infrastructure OpenSocial Protocol announced the completion of a US$5 million seed round of financing, led by Portal Ventures and SNZ Capital, with Animoca Brands, Awesome People Ventures, Arche Fund, Decima Fund, Moonrock Capital, OKX Ventures, Orange DAO, and Panony Group , Summer Ventures and others participated in the investment. OpenSocial Protocol is an open source social infrastructure layer founded by Everest Ventures Group (EVG), which has set aside a $15 million ecosystem fund for developers to build on OpenSocial. EVG also deploys 30 internal developers to develop OpenSocial, and an additional 50 developers building DApps on top of OpenSocial outside of EVG.