Our investment arm, OKX Ventures, 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, we aim to further enhance our access to investment opportunities of early-stage, quality projects and Web3 talent. We also seek to foster collaboration between BlockBooster, its supported projects, and our 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 us and Gitcoin; and "Schelling Point .edu Singapore" in September 2023, in collaboration with our Ventures team, Gitcoin and CollegeDAO.
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