SINGAPORE, May 21, 2024 /PRNewswire/ -- OKX Ventures,
the investment arm of leading crypto exchange and Web3
technology company OKX, today announced its strategic investment
in Monad Labs, which is developing a developer-forward
smart contract platform that is poised to revolutionize the
decentralized digital landscape.
This investment underscores OKX Ventures' commitment to
supporting innovative projects at the forefront of blockchain
technology and decentralized ecosystems.
Monad Labs, a leader in innovation, offers a revolutionary platform
that scales Ethereum by 1000x through parallel
execution and superscalar pipelining of Ethereum
transactions. By combining advanced technologies with a focus on
scalability and efficiency, Monad Labs is pioneering a new era in
decentralized computing, enabling developers and users
to fully harness the potential of Web3.
OKX Ventures Founder Dora Yue
said: "Monad Lab's innovation and technical strength will
provide a solid foundation for promoting Web3 innovation. We look
forward to making a positive contribution to the future development
of decentralized computing through our partnership
with Monad Labs. OKX Ventures' investment will provide Monad Labs
with the necessary resources and support to accelerate the
development of its platform, expand its influence in the blockchain
community, and provide more efficient and scalable
decentralized applications for developers and users
worldwide."
OKX Ventures' investment will equip Monad Labs with the
resources and support needed to accelerate the development and
adoption of its platform. Monad Labs aims to enable developers to
build high-performance decentralized applications
(dApps) that can scale to meet the demands of mass
adoption, ushering in a new era of innovation and accessibility in
the blockchain space.
Monad Labs CEO Keone Hon
said: "We are delighted to welcome OKX Ventures as a
strategic partner in our effort to accelerate the capabilities and
adoption of decentralized apps. OKX Ventures'
expertise and vision align perfectly with Monad's mission to unlock
the full potential of decentralized computing. Our
team looks forward to collaborating to boost the growth and
adoption of Monad tech."
As a prominent investor in the blockchain sector, OKX Ventures
remains dedicated to identifying and nurturing projects that
demonstrate the potential to drive positive change within the
industry. The investment in Monad Labs reflects OKX Ventures'
confidence in the team's technology and vision, as well as its
dedication to fostering sustainable growth in the blockchain
ecosystem.
For further information, please contact:
Media@okx.com
About OKX Ventures
OKX Ventures is the investment arm of global leading
crypto exchange and Web3 technology company OKX, with
an initial capital commitment of USD100
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.
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SOURCE OKX Ventures