HomeAnalysisOKX Ventures Closes 31 Deals in Q1 2024

OKX Ventures Closes 31 Deals in Q1 2024

OKX-VENTURES

OKX Ventures, the Singapore-based investment arm of crypto exchange and Web3 technology company OKX, announced that it closed 31 deals in Q1 2024.

Top investment areas in Q1 2024 were on infrastructure, AI and DeFi. Notable projects included Bitcoin EVM-Compatible Rollup, B² Network, and FLock.io, a decentralized and permissionless platform for AI models and dApps.

In 2023, the firm had invested USD 50M in crypto and Web3 projects.

Commenting on the news, OKX Ventures Founder Dora Yue said: “Our diverse investment portfolio, with a focus on the rapidly evolving Web3 infrastructure, AI and DeFi sectors, positions us at the forefront of supporting these groundbreaking technologies. As the crypto space continues to mature and gain mainstream adoption, we remain dedicated to driving innovation, fostering growth, and empowering projects that will shape the future of the digital economy.”

VCWire

16/05/2024