Blockchain
OKX Ventures invests in Pencils protocol, enhancing the Scroll ecosystem
OKX Ventures invests in pencil protocol
In a recent announcement, OKX Ventures revealed its investment in Pencils Protocol, a next-generation decentralized platform offering auction services for blockchain-native assets and real-world assets (RWA). The platform also provides leveraged and unified return aggregation services to enable users to maximize asset utilization.
Pencils protocol in the Scroll ecosystem
Pencils Protocol is one of the largest native DeFi projects within the Scroll ecosystem. It works as a returns aggregator and auction platform all in one, offering features such as launchpad, asset aggregation and distribution, and leveraged returns. The collaboration between Pencils Protocol and Scroll pioneered Layer 2 solutions using zero-knowledge technology, focusing on scalable development of private dApps and fair distribution principles. The initiative aims to provide users with a more efficient and secure trading environment, thereby injecting new vitality and momentum into the continued development of the Scroll ecosystem.
Investment implications
The Pencils Protocol team sees OKX Ventures’ investment as an opportunity to accelerate technology research and development and product promotion, contributing to the growth and improvement of the Scroll ecosystem. OKX Ventures, the investment arm of leading Web3 technology and cryptocurrency exchange OKX, is committed to exploring the best blockchain projects globally, supporting cutting-edge blockchain technology innovation and investing in long-term structural value. With an initial capital commitment of $100 million, OKX Ventures promotes the healthy development of the global blockchain industry.
For more information on the Pencils Protocol, visit the official website. Further inquiries can be directed to Media@okx.com.
About OKX Ventures
OKX Ventures is dedicated to supporting entrepreneurs who contribute to the development of the blockchain industry. Help build innovative companies by bringing global resources and historical experience to blockchain projects. For more information on OKX Ventures, visit the official website.
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