Solana Ecosystem Social Graph Protocol Tapestry Completes $5.75 Million Series A Funding, Led by Union Square Ventures and Fabric Ventures

Odaily News Tapestry, the social graph protocol of the Solana ecosystem, has completed a $5.75 million Series A financing with a $35 million equity valuation and a $70 million token valuation. Union Square Ventures and Fabric Ventures jointly led the investment, and Stellation Capital, Slow Ventures and Foresight Venture participated in the investment. It is reported that as part of the transaction, Nick Grossman of Union Square Ventures, Anil Hansjee of Fabric Ventures and Peter Boyce of Stellation Capital have all joined the Tapestry board of directors. The Series A financing brings Tapestry's total financing to $12.5 million. Tapestry aims to enable developers to easily integrate social functions into blockchain applications, and plans to expand to blockchain ecosystems such as Aptos, Monad and Berachain in the future.