{"id":8180,"date":"2025-01-17T06:32:51","date_gmt":"2025-01-17T06:32:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8180"},"modified":"2025-01-17T06:32:51","modified_gmt":"2025-01-17T06:32:51","slug":"tapestry-secures-5-75m-series-a-to-transform-solana-powered-social-app-development-led-by-union-square-ventures-and-fabric-ventures","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8180","title":{"rendered":"Tapestry Secures $5.75M Series A to Transform Solana-Powered Social App Development, Led by Union Square Ventures and Fabric Ventures"},"content":{"rendered":"
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[PRESS RELEASE \u2013 New York, USA, January 16th, 2025]<\/strong><\/p>\n

With $12.5M total funding, Tapestry\u2019s platform combines AI-powered creation with blockchain-based social infrastructure.<\/p>\n

Tapestry<\/a>, a social infrastructure protocol for the Solana ecosystem, today announced its $5.75 million Series A funding round co-led by Union Square Ventures (USV) and Fabric Ventures with participation from Stellation Capital, Slow, and Foresight Ventures. The investment will accelerate the development of Tapestry\u2019s Solana-based social graph<\/a> and AI creation platform<\/a>, which enables anyone to create and deploy social applications using simple prompts while connecting them all through a permissionless social graph. By democratizing app creation, Tapestry is building an open, permissionless social graph to rival major social media giants while paving the way for user-driven networks that operate beyond centralized control.<\/p>\n

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\u201cAI is making app creation more like content creation, and as that happens we will need new financial and social infrastructure connecting everything together in a unified and open way. Tapestry\u2019s protocol is exactly that,\u201d said Nick Grossman, General Partner at Union Square Ventures.<\/p>\n<\/blockquote>\n

Major platforms have controlled social graphs, creating walled gardens that stifle innovation. Tapestry\u2019s permissionless protocol changes this. By opening access to a universal social graph, Tapestry empowers developers to create with the same powerful tools that drive giants like Facebook\u2014but without centralized control.<\/p>\n

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\u201cOur open social graph gives builders access to the same powerful tools that drive success for giants like Facebook, ushering in a new era of consumer social,\u201d said CEO David Gabeau. \u201cWe\u2019re creating the bedrock that enables infinite online creativity while ensuring that in a world of ephemeral experiences, the connections that matter remain permanent.\u201d<\/p>\n<\/blockquote>\n

Tapestry is built natively on Solana \u2013 crypto\u2019s fastest-growing consumer ecosystem due to its negligible fees and high transaction speeds. This architecture enables a diverse array of interoperable apps and experiences at a massive scale. Since launching in October, Tapestry has partnered with key Solana projects, including Access Protocol<\/a>, SagaDao<\/a>, and AllDomains<\/a>. Central to Tapestry\u2019s vision of becoming an AI-driven decentralized app marketplace is its built-in network effect. This provides new applications with immediate distribution opportunities and a ready-made social foundation that would typically take years to cultivate.<\/p>\n

Revolutionizing App Creation Through AI<\/strong><\/h2>\n

Tapestry leverages AI for app generation, anchored in permanent social relationships on Solana\u2019s L1 blockchain. This ensures rapid app creation while keeping user identities and connections persistent and portable, even as social apps evolve to be more temporary.<\/p>\n

\u201cAI is turning app development into a natural, conversational process,\u201d said Gabeau. \u201cCommunities will soon spawn custom tools instantly, events will get dedicated apps, and viral moments will transform into interactive experiences in real-time\u2014blurring the line between social interaction and software creation. By building onchain social infrastructure today, we\u2019re creating the essential foundation for tomorrow\u2019s digital experiences. Tapestry\u2019s Northstar is building the internet\u2019s social graph.\u201d<\/p>\n

Tapestry was founded in 2024 by David Gabeau and the team behind Primitives, a digital art-collecting app on Solana. Formerly an engineer at Snapchat and a venture capitalist at Union Square Ventures focused on consumer crypto, David began his journey building on Solana, drawn by the platform\u2019s speed, scalability, and negligible fees. Recognizing the opportunity to create a unified, open social graph on Solana\u2014a foundation that existed only in EVM ecosystems and Farcaster\u2014he set out to build the essential primitives for decentralized social applications.<\/p>\n

\u201cThe intersection of crypto and AI is a transformative new frontier whose true potential is only beginning to emerge. Tapestry is working to pioneer in this arena with a vision for portable communities that empower both developers and end users\u2014 and we\u2019re proud to support them in shaping the future of this rapidly evolving ecosystem,\u201d said Peter Boyce II, Founder & Managing Partner of Stellation Capital.<\/p>\n

The Series A funding will accelerate Tapestry\u2019s mission to democratize social app development through three key initiatives:<\/p>\n