ONO is a Chinese blockchain-based decentralized social network that aims to blend content creation with social engagement. Its core product leverages blockchain characteristics and a token mechanism to reward users who post high-quality content. The company currently runs an invite-only beta with 280,000 users and plans to roll out an international version of the beta later this month. ONO intends to launch its service later this year and is targeting post-90s/post-95s as its core audience. The startup raised $16 million in a Series A from investors including INBlockchain, China Growth Capital, Purple Cow Fund, Green Pine Capital Partners, Korea Investment Partners and Grand Shores. It positions itself to benefit from rising privacy concerns and regulatory shifts like GDPR but faces competition from other blockchain-based platforms and incumbents such as WeChat and Facebook.

Total raised

$16M

Funding rounds

1

Latest round

Series A

Latest activity

Jun 2018