HONG
KONG, May 6, 2024 /PRNewswire/ -- OKX Ventures,
the investment arm of leading crypto exchange and Web3
technology company OKX, has announced a strategic investment in
four consumer-oriented products from Web3 venture studio EVG. These
include multi-chain SocialFi infrastructure Open Social Protocol,
decentralized collaboration network Zeek, strategy
card game Legend of Arcadia and real-time strategy game Last
Odyssey.
"EVG is a leading early-stage builder in Asia, driving meaningful innovations in some
of the fastest growing verticals like SocialFi and GameFi. We're
excited to support its efforts through our strategic investment and
network, and look forward to advocating our shared vision in
driving mass adoption in the Web3 space," said Jeff Ren, Partner of OKX Ventures.
OKX Ventures sees potential in these consumer-oriented
initiatives, particularly in their ability to integrate real use
cases and gamified mechanisms into social and gaming experiences.
This investment will help accelerate the adoption of these
disruptive technologies among mainstream audiences in a fun and
engaging way.
"With the underlying technologies getting readier than ever,
consumer adoption is primed to take off this cycle. And
Asia is at the frontier of
SocialFi and GameFi, two of the biggest use cases that could
onboard the next billion users to Web3. We are humbled to have the
support on these novel experiments from OKX Ventures," said
Allen Ng, Co-founder & CEO at
EVG.
OKX Ventures is recognized for its forward-thinking approach and
ability to identify innovative projects with transformative
potential. By investing in EVG's projects, it aims to tap into the
innovative power of EVG and leverage its expertise in Asia to drive product-market fit in the social
and gaming sectors.
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
About EVG
Everest Ventures Group (EVG) is a Web3 operating group dedicated
to driving the mass adoption of Web3. With a team of 300 builders,
it has launched a diverse portfolio of products for the future of
digital interaction across use cases. EVG has also invested and
contributed to the making of 100+ projects globally, such as
Animoca Brands, Berachain, Yuga Labs, Celestia and Wormhole.
For more information, please visit www.evg.co.
For media inquiries, please contact:
Gemma Lo
Email: gemma@evg.co
TG: @gemmalo
View original content to download
multimedia:https://www.prnewswire.com/news-releases/okx-ventures-announces-strategic-investment-in-evgs-consumer-oriented-projects-paving-the-way-for-novel-applications-in-socialfi-and-gamefi-302136533.html
SOURCE OKX Ventures