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Title: Tapestry Secures $5.75M Series A to Transform Solana-Powered Social App Development
Tapestry, the revolutionary app creation platform built on Solana, has announced a monumental $5.75 million Series A funding round. The investment comes from top-tier VCs Union Square Ventures and Fabric Ventures, marking a significant milestone in the company’s mission to democratize social app development.
As the first blockchain-based protocol for decentralized social applications, Tapestry is poised to transform the landscape of Solana-powered development. By leveraging AI-driven tools, Tapestry enables users to create custom social apps instantly, fostering an ecosystem where anyone can build and engage with innovative communities.
Tapestry’s innovative approach, anchored in permanent social relationships on Solana’s L1 blockchain, guarantees the persistence and portability of user identities and connections, even as applications evolve over time. “The intersection of crypto and AI is a transformative new frontier whose true potential is only beginning to emerge,” says Peter Boyce II, Founder & Managing Partner of Stellation Capital.
Tapestry has already gained significant traction since its inception in 2024 by the team behind Primitives, a popular digital art-collecting app on Solana. With this latest funding, the company will accelerate its mission to democratize social app development through three key initiatives:
1. Expanding AI-driven app creation tools to empower users with the ability to build any type of social application.
2. Scaling its decentralized social graph to accommodate ecosystems outside of Solana.
3. Integrating generated apps seamlessly into Tapestry’s social infrastructure, ensuring seamless connections between communities.
The $5.75 million investment will be utilized strategically to drive these goals forward and unlock unprecedented possibilities in the realm of blockchain-based social media development.
With an aim to revolutionize app creation, Tapestry has already demonstrated its vision by providing a platform for decentralized social applications, thus empowering creators with innovative tools to build and deploy unique experiences.
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Source: cryptopotato.com
