Web3 Social Network Hooked Protocol Closes Seed Round Co-led by Binance Labs and Sequoia Seed Fund

Binance Labs announced that it has co-led the seed funding round for Hooked Protocol, a Web3 social network, together with Sequoia Seed Fund. The fund will help Hooked Protocol accelerate hiring, research and development, and other early-stage efforts. Hooked Protocol aims to help Web2 users transition into the Web3 ecosystem seamlessly, and build the growth infrastructure that DApps can implement. It will initially launch on the BNB Chain and later expand into Layer1 networks.