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    Home»Altcoins»Tapestry Secures $5.75M Sequence A to Rework Solana-Powered Social App Growth, Led by Union Sq. Ventures and Material Ventures
    Tapestry Secures .75M Sequence A to Rework Solana-Powered Social App Growth, Led by Union Sq. Ventures and Material Ventures
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    Tapestry Secures $5.75M Sequence A to Rework Solana-Powered Social App Growth, Led by Union Sq. Ventures and Material Ventures

    By Crypto EditorJanuary 17, 2025No Comments4 Mins Read
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    New York, USA, January seventeenth, 2025, Chainwire

    With $12.5M complete funding, Tapestry’s platform combines AI-powered creation with blockchain-based social infrastructure. 

    Tapestry, a social infrastructure protocol for the Solana ecosystem, at the moment introduced its $5.75 million Sequence A funding spherical co-led by Union Sq. Ventures (USV) and Material Ventures with participation from Stellation Capital, Gradual, and Foresight Ventures. The funding will speed up the event of Tapestry’s Solana-based social graph and AI creation platform, which permits anybody to create and deploy social purposes utilizing easy prompts whereas connecting all of them via a permissionless social graph. By democratizing app creation, Tapestry is constructing an open, permissionless social graph to rival main social media giants whereas paving the way in which for user-driven networks that function past centralized management.

    “AI is making app creation extra like content material creation, and as that occurs we are going to want new monetary and social infrastructure connecting all the things collectively in a unified and open approach. Tapestry’s protocol is strictly that,” stated Nick Grossman, Basic Accomplice at Union Sq. Ventures.

    Main platforms have managed social graphs, creating walled gardens that stifle innovation. Tapestry’s permissionless protocol modifications this. By opening entry to a common social graph, Tapestry empowers builders to create with the identical highly effective instruments that drive giants like Fb—however with out centralized management. 

    “Our open social graph provides builders entry to the identical highly effective instruments that drive success for giants like Fb, ushering in a brand new period of client social,” stated CEO David Gabeau. “We’re creating the bedrock that permits infinite on-line creativity whereas making certain that in a world of ephemeral experiences, the connections that matter stay everlasting.”

    Tapestry is constructed natively on Solana – crypto’s fastest-growing client ecosystem as a result of its negligible charges and excessive transaction speeds. This structure permits a various array of interoperable apps and experiences at a large scale. Since launching in October, Tapestry has partnered with key Solana tasks, together with Entry Protocol, SagaDao, and AllDomains. Central to Tapestry’s imaginative and prescient of turning into an AI-driven decentralized app market is its built-in community impact. This offers new purposes with fast distribution alternatives and a ready-made social basis that may sometimes take years to domesticate. 

    Revolutionizing App Creation By means of AI

    Tapestry leverages AI for app technology, anchored in everlasting social relationships on Solana’s L1 blockchain. This ensures fast app creation whereas holding consumer identities and connections persistent and moveable, whilst social apps evolve to be extra non permanent.

    “AI is popping app growth right into a pure, conversational course of,” stated Gabeau. “Communities will quickly spawn customized instruments immediately, occasions will get devoted apps, and viral moments will remodel into interactive experiences in real-time—blurring the road between social interplay and software program creation. By constructing onchain social infrastructure at the moment, we’re creating the important basis for tomorrow’s digital experiences. Tapestry’s Northstar is constructing the web’s social graph.” 


    Tapestry was based in 2024 by David Gabeau and the crew behind Primitives, a digital art-collecting app on Solana. Previously an engineer at Snapchat and a enterprise capitalist at Union Sq. Ventures targeted on client crypto, David started his journey constructing on Solana, drawn by the platform’s pace, scalability, and negligible charges. Recognizing the chance to create a unified, open social graph on Solana—a basis that existed solely in EVM ecosystems and Farcaster—he got down to construct the important primitives for decentralized social purposes.

    “The intersection of crypto and AI is a transformative new frontier whose true potential is just starting to emerge. Tapestry is working to pioneer on this enviornment with a imaginative and prescient for moveable communities that empower each builders and finish customers— and we’re proud to help them in shaping the way forward for this quickly evolving ecosystem,” stated Peter Boyce II, Founder & Managing Accomplice of Stellation Capital.

    The Sequence A funding will speed up Tapestry’s mission to democratize social app growth via three key initiatives:

    • Increasing its AI app creation instruments to allow customers to create any kind of social software
    • Rising its decentralized social graph to ecosystems outdoors of Solana
    • Constructing integrations that permit indie builders to shortly join their generated apps to Tapestry’s social infrastructure

    Begin creating and deploying your purposes at the moment at: usetapestry.ai 

    Boilerplate

    The Tapestry protocol offers important social infrastructure for the Solana ecosystem, enabling builders and purposes to leverage a unified, moveable social graph. Our permissionless platform combines protocol-level interoperability with AI-powered creation instruments, making it attainable for anybody to construct social purposes via easy prompts. With over 10m raised from Union Sq. Ventures, Material Ventures, Redpoint Ventures, Harlem Capital, Stellation Capital, and Foresight Ventures, we’re establishing the inspiration for really moveable social experiences on web3.

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    Kayla Gill
    Serotonin
    [email protected]



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