Solana Ecosystem’s Tapestry Secures $5.75 Million Series A Funding Led by Union Square Ventures

On January 17th, COINOTAG reported that Tapestry, the social graph protocol within the Solana ecosystem, successfully secured $5.75 million in a Series A funding round. This funding effort was spearheaded by Union Square Ventures and Fabric Ventures, alongside notable contributions from Stellation Capital, Slow Ventures, and Foresight Ventures. Tapestry’s CEO, David Gabeau, announced that prominent investors, including Nick Grossman from Union Square Ventures and Anil Hansjee from Fabric Ventures, have now joined Tapestry’s board of directors. This investment marks a significant milestone for the Solana ecosystem, indicating growing confidence in decentralized technologies and social dynamics of blockchain applications. Investors are optimistic about Tapestry’s potential to enhance user engagement and network interactions within the crypto space.