On September 12, during the TOKEN 2049 event in Singapore, the OKX Ventures Global Horizon: Investing Across the Globe and Ecosystem Meetup was successfully concluded. Well-known Web3 investment institutions such as LongHash, Polygon Ventures, Hack VC, and Cypher Capital, as well as representatives from mainstream Web3 projects such as Taiko, zkSync, Scroll, and Gitcoin attended the event.
During the event, representatives from LongHash, Polygon Ventures, Hack VC, and Cypher Capital expressed their insights and judgments on the industry's development cycle. They also discussed with OKX Ventures how to more efficiently fund innovation and capture value. According to incomplete statistics, in the first half of this year alone, these five investment institutions have collectively invested over 50 million US dollars, covering various types of tracks such as Web3 infrastructure and innovative applications. In the future, they will continue to explore value and contribute to the industry's development.
Dora, the founder of OKX Ventures, further stated during the event that the Web3 industry has been moving towards decentralization and matrixization. With the gradual improvement of infrastructure, applications that generate real revenue are growing, such as Uniswap, Opensea, Axie Infinity, and dYdX, which represent the application layer track, are capturing real users and generating actual income.
As a companion on the entrepreneurial journey, OKX Ventures is collaborating with the OKX public chain and the OKX Web3 wallet ecosystem to help developers conceptualize and innovate their products. In addition, OKX Ventures will act as a co-builder of the community ecosystem, providing support in terms of products, brands, communities, and global resources for its portfolio of over 300 investments, practicing a long-term investment philosophy. In the future, OKX Ventures will focus on the developer community and strive to make Web3 investments that combine innovative technologies with market space advantages on a global scale.
In addition, team members from top Web3 projects such as zkSync, Taiko, Scroll, and Gitcoin shared their progress in innovation at the event.
Azeem, Head of Ecosystem Impact at Gitcoin, stated that Gitcoin has developed the Layer 2 network PGN (Public Goods Network) based on the OP Stack. Each transaction on this network incurs sorter fees, and PGN will use the majority of the resulting revenue to fund innovation in public goods and public goods projects, meeting developers' need for sustainable income sources.
Omar, Business Director of zkSync's ecosystem, expressed that they welcome all kinds of L2/L3 projects to deploy on zkSync using the zk technology stack. As the most promising and rapidly developing Ethereum Layer 2 ecosystem, zkSync will provide a modular framework free of charge to provide developers with a convenient environment.
Vincent, Developer Relations Lead of Scroll, stated that Scroll's initial goal is to achieve scalability for Ethereum. They are currently in the final stage of the Sepolia testnet before full mainnet launch. In the past month, real-time data from Scroll showed that 230,000 active users have completed 3.4 million on-chain transactions. The team looks forward to more community participation in testing and will continue to focus on developing the developer ecosystem.
David, Finance and Ecosystem Lead of Taiko, expressed his anticipation for more developers to join. Taiko ensures high security while achieving Ethereum EVM equivalence. Its smooth product interaction experience is also suitable for Ethereum developers to deploy as a second-layer architecture. Interested developers can learn more about the Grant Program introduced by Taiko DAO here.
As we all know, September is an important time for the global Web3 community to gather at the TOKEN2049 conference in Singapore to discuss the future development of the industry. The OKX Ventures Global Horizon: Investing Across the Globe and Ecosystem Meetup serves as an important bridge to connect Web3 builders worldwide who share the same goals.
OKX Ventures partner Jeff Ren introduced that as the investment department of OKX, the second largest cryptocurrency trading platform and Web3 technology company in terms of global trading volume, OKX Ventures is committed to exploring the best Web3 projects worldwide, supporting cutting-edge technological innovation, and promoting the development and progress of the global blockchain industry.
As a trusted exchange and a leading global Web3 technology innovator, OKX always roots itself in the developer community and is dedicated to building innovative technologies for the future. It has developed a market-recognized Web3 product, the OKX Web3 wallet, which has integrated 70+ chains and implemented MPC and account abstraction smart contract technologies to achieve user self-custody.
In the past, OKX has formed cross-industry partnerships with outstanding teams from different fields, such as Manchester City Football Club and McLaren F1 team. The team is working with creative and independent thinkers to drive the adoption of Web3 and cryptographic technology among more creators, builders, and fans.
With the development of OKX, OKX Ventures is also entering a new stage. Since last year, the OKX Ventures team has invested a lot of time and effort into developer-centric activities, organizing and supporting over 15 demo days and two hackathons. In addition, their team has collaborated with Gitcoin, the world's largest Ethereum developer community, aiming to continue serving the community through DAO organizations, discovering and funding influential projects, and further advancing the development of the global Web3 industry.
Disclaimer:
This article is for reference only and does not constitute any investment advice.
