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XMTP is a decentralized messaging protocol that enables trustless, private communication between any on-chain identities. It integrates with wallets and social IDs to create a universal, encrypted messaging layer for Web3 applications.
On July 17th, 2025, TheBlock announced that the XMTP project had successfully closed its $20M Series B funding round led by a16z crypto, Union Square Ventures (USV), and Faction, followed by participation from other funds.