On March 8th, OKX Ventures announced its strategic investment in DeBox. DeBox is a decentralized autonomous organization (DAO) that integrates Web3 experiences into social communication. It has the ability to manage on-chain assets and transactions. Tools like DeSwap enable interaction with mainstream public chains such as Ethereum, Optimism, Arbitrum, zkSync Era, and more. DeBox receives over 100 million daily messages and has a trading volume exceeding $120 million. The DAO tools are used over 20,000 times per month, all thanks to the collaboration of its mobile community with over 690,000 members.
Dora Yue, the founder of OKX Ventures, commented on this partnership, saying, “OKX Ventures has always been committed to building a Web3 application with tens of millions of users. DeBox, as a community-focused service, supports one-click wallet login and decentralized management. In addition to providing each user with an original NFT as an avatar, it allows the construction of user-specific digital assets through decentralized identity authentication (DID). What’s even more exciting is that DeBox can interact in real-time with other Web3 decentralized applications (dApps). Just like the Bitcoin community, with the rapid development of the ecosystem, we believe that DeBox’s rich interactive experience and efficient lightweight nature can contribute to the exponential growth of Web3!”
OKX Ventures
Further reading:
OKX becomes the title sponsor and NFT ticket partner of the “2024 Hong Kong Web3 Carnival”
The best exchange: OKX! Alvin’s experience with BRC-20 wallet: Identifying pain points and promoting Bitcoin ecosystem popularization