OKX Ventures invests in AlienSwap to increase the growth and development of the NFT Marketplace
NEW YORK, 4 May 2023 /PRNewswire/ — OKX Ventures, the investment arm of the second largest crypto platform by trading volume and Web3 technology company OKX, today announced that they have invested in community-based NFT marketplace and aggregator AlienSwap.
Since the AlienSwap beta was released two months ago, the cumulative trading volume has exceeded USD 50 million. AlienSwap currently ranks third in daily active users and fifth in daily trading volume at Ethereum Network. With this funding round, AlienSwap will officially begin its scaled growth and aim to become the best NFT marketplace.
OKX Ventures founder Dora Yue so: “With the total trading volume for NFTs reaching approx USD 24.7 billion in 2022, OKX Ventures is optimistic about the long-term development of the NFT sector, and we have already made plans for several NFT projects. OKX Ventures hopes that this investment can help AlienSwap become a more efficient NFT marketplace and reshape the competitive landscape in the industry.”
AlienSwap Founder Ying Mu so: “The new investments will be used to expand the AlienSwap engineering team, develop innovative liquidity tools and trading products for NFTs, and increase investment in NFT infrastructure to improve the community’s trading experience. The core team of AlienSwap and all investors share a consistent goal : to build an industry-leading NFT trading platform and inject new vitality into the NFT ecosystem through product innovation and community building.”
About OKX Ventures
OKX Ventures is the investment arm of the second largest crypto exchange by trading volume and Web3 technology company OKX, with an initial capital commitment of USD 100 million. It focuses on exploring the best blockchain projects on a global scale, supporting breakthrough 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.
About OKX
OKX is a world-leading technology company that is building the future of Web3. Known as one of the fastest and most reliable crypto trading platform for investors and professional traders everywhere, OKX’s crypto the stock exchange is the second largest globally by trading volume.
OKX’s leading self-custodial solutions include the Web3-compatible OKX Wallet, which gives users greater control over their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.
OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City FC, McLaren Formula 1, The Tribeca Festival, golfer Ian PoulterOlympian Scotty James and F1 driver Daniel Ricciardo.
OKX is committed to transparency and security and publishes its reserve certificates on a monthly basis.
To learn more about OKX, visit: okx.com
SOURCE OKX
