OKX Ventures, the second largest cryptocurrency platform by trading volume and the investment arm of Web3 technology company OKX, released updates for today. OKX Ventures announced in its recently published May Report that it has invested in three innovative projects.
Investing in three crypto money projects from the giant stock market
OKX Ventures’ May report describes its investments in Prisma, Rage Trade and Shutter Network. Also, investments include Liquid Staking Tokens, Decentralized Derivatives and MEV
- Prisma Finance: aims to maximize the potential of Ethereum liquid staking tokens (LSTs). It also allows users to issue fully collateralized stablecoin (acUSD) with LST. A DeFi project that performs these functions.
- Rage Trade: A decentralized derivatives trading protocol on the Ethereum and Arbitrum mainnet that offers users the ability to trade ETH perpetual swaps with up to 10x leverage.
- Shutter Network: An open source project that aims to prevent malicious Maximal Extractable Value (MEV) and front running on Ethereum.
OKX Ventures has invested in 300 projects in five continents in the last two years. Thus, it reached a fund size of approximately 1 billion dollars. It covered almost all investment areas. OKX Ventures focuses on supporting the latest Blockchain innovations. It also focuses on discovering high-quality projects that show long-term value.
A brief information about OKX Ventures and OKX
OKX Ventures is the second largest crypto exchange by trading volume. It is also the investment arm of Web3 technology company OKX with an initial capital commitment of US$100 million. It focuses on discovering 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. OKX Ventures supports entrepreneurs who contribute to the development of the Blockchain industry. Thanks to this commitment, it helps to establish innovative companies. It also brings global resources and historical experience to Blockchain projects.
Meanwhile, OKX is a world-leading technology company building the future of Web3. OKX’s crypto exchange is the second largest in the world by trading volume. One of the cryptocurrency trading platforms for investors and professional traders everywhere. OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which gives users greater control over their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps. Also, OKX cryptocoin.comAs you follow, it partners with world-renowned brands and athletes. These include English Premier League champions Manchester City FC, McLaren Formula 1, Tribeca Festival, Olympian Scotty James and F1 driver Daniel Ricciardo. OKX is committed to transparency and security. Accordingly, it publishes its Proof of Reserve monthly.
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