Blockchain
OKX Ventures tops Crypto VC charts, showcases
SINGAPORE, May 24, 2024 (GLOBE NEWSWIRE) — OKX Venturesthe investment arm of the leading company in Web3 technology OKXhas released updates for May 24, 2024.
OKX Ventures Tops Crypto VC Charts, Showcases Investments in Bitcoin Ecosystem, Blockchain Infrastructure, GameFi and Applications
Continuing its leadership in the VC space as number one OKX Ventures, a crypto venture capital firm with 52 investments made since the beginning of the year, today published its April investment report. The report highlights its recent investments in the Bitcoin ecosystem, blockchain infrastructure, GameFi and application sectors.
OKX Ventures’ investments span a number of innovative projects in the Bitcoin ecosystem, such as:
- Arch Protocol, a Bitcoin-native application platform for decentralized finance (DeFi);
- Bitlayer, a Bitcoin Layer 2 network aimed at improving scalability;
- BounceBit, a Bitcoin-based restaging infrastructure;
- UTXO Stack, a BTC Layer 2 modular blockchain launch platform; AND
- Zeus Network, a project that is building cross-chain infrastructure leveraging Solana.
In the field of blockchain infrastructure, OKX Ventures has demonstrated its support for cutting-edge projects such as:
- Monad Labs, which is developing a cutting-edge smart contract platform for developers, poised to revolutionize the decentralized digital landscape;
- Aptos, a scalable Layer 1 PoS blockchain that uses the Move programming language to make on-chain transactions more reliable, easier to use and secure;
- Movement Labs, aiming to combat smart contract vulnerabilities in the Ethereum ecosystem; AND
- StakeStone, a full-chain Liquid Stake Token (LST) liquidity protocol.
As the GameFi and Applications sectors experience notable expansion, OKX Ventures has invested in high-quality projects such as:
- Matr1x, a next-generation Web3 entertainment platform with DAO creators presenting a future cyberpunk world through high-quality multi-episode games;
- Debox, a decentralized gaming platform;
- Privasea, an artificial intelligence processing system that focuses on data privacy and security;
- UXLink, a Web3 social platform and infrastructure; AND
- Cellula, a fully on-chain AI game that offers users the ability to create, compose and evolve their digital life.
OKX Ventures’ April investment report also outlined recent macro trends that are shaping the industry. These include the impact of the 2024 Bitcoin halving and the prevailing high interest rate environment. According to the report, the potential for future rate cuts will play a critical role in shaping global liquidity and impact the prices of Bitcoin and other “risk-on” assets.
To read the full report, Click here.
For further information, contact:
Media@okx.com
About OKX Ventures
OKX Ventures is the investment arm of the second largest cryptocurrency exchange by trading volume and Web3 technology company OKX, with an initial capital commitment of $100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.
Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.
Find out more about OKX Ventures Here.