OKX Ventures Leads US$1.5 Million Seed Funding Round for BlockBooster
2024年5月8日 - 5:00PM
OKX Ventures, the investment arm of the leading cryptocurrency
exchange and Web3 technology company OKX, has led a US$1.5 million
seed funding round for BlockBooster, an Asia-centered venture
studio. The funding round also saw participation from Conflux
Network, Neighbor Capital Series, IceRiver Venture, and Bitcoin
Lab, among others.
With a focus on the infrastructure, social and gaming sectors
within Web3, BlockBooster's incubation model offers all-rounded
support to high-quality projects, significantly enhancing their
success rates and reducing development cycles. By collaborating
with top-notch partners, BlockBooster provides extensive, long-term
support to select promising project teams on many different
aspects, such as product design, go-to-market strategy, business
development, talent recruitment, early-stage investment, as well as
compliance and risk management.
With this strategic investment, OKX Ventures aims to further
enhance its access to investment opportunities of early-stage,
quality projects and Web3 talent. OKX Ventures also seeks to foster
collaboration between BlockBooster, its supported projects, and the
OKX ecosystem.
BlockBooster plays an active role in events organized for Web3
builders. Notable events include "BlockBooster Web3.0 Hackathon
@HKU" in April 2023, co-hosted with OKX and Gitcoin; and "Schelling
Point .edu Singapore" in September 2023, in collaboration with OKX
Ventures, Gitcoin and CollegeDAO.
Partner of OKX Ventures Jeff Ren commented:
"BlockBooster is an emerging Web3 venture studio with a strong
presence in Asia, supported by a community of exceptional Web3
entrepreneurs and builders. We are delighted to back BlockBooster’s
expansion and look forward to working with their team. Together, we
aim to identify and foster high-quality Web3 initiatives to spur
industry growth."
Founder of BlockBooster Samuel Gu, said: "We’re
honored by the recognition and support from OKX Ventures, which is
known as the investment arm of one of the largest Web3 ecosystems.
OKX Ventures has continually shown its commitment to supporting
Web3 entrepreneurs and builders. Driven by our shared vision, this
collaboration will bring enhanced support for the community,
fostering innovations that shape the future of Web3.”
About OKX Ventures
OKX Ventures is the investment arm of the second-largest crypto
exchange by trading volume and Web3 technology company OKX,
focusing on exploring the best blockchain projects on a global
scale and supporting cutting-edge blockchain technology
innovation.
Find out more about OKX Ventures here.
For further information, please contact:Media@okx.com