DeFi

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 In a move signalling a strategic foray into the gaming industry, <a style="color: #0000ff;" href="https://www.okx.com/ventures" rel="noopener noreferrer nofollow">OKX Ventures</a>, the investment arm of the renowned cryptocurrency exchange and Web3 technology company OKX, has announced a pivotal investment decision in a <a style="color: #0000ff;" href="https://www.globenewswire.com/news-release/2024/05/10/2879404/0/en/Flash-News-OKX-Ventures-Announces-Investment-in-Blade-of-God-X-an-Action-RPG-Developed-by-Void-Labs.html" rel="noopener noreferrer nofollow">recent press release</a> by <a style="color: #0000ff;" href="https://www.globenewswire.com/" rel="noopener noreferrer nofollow">global news wire</a>.
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In a bold step towards revolutionizing interactive entertainment, OKX Ventures has unveiled its investment in <a href="https://www.immutable.com/play/blade-of-god-x" rel="noopener noreferrer nofollow">Blade of God X</a>, a cutting-edge action RPG developed by Void Labs, characterized by its dark-themed narrative and immersive gameplay.
Tnise, Founder of Blade of God X, <a style="color: #0000ff;" href="https://okxventures.medium.com/okx-ventures-announces-investment-in-blade-of-god-x-an-action-rpg-developed-by-void-labs-6777545d4121" rel="noopener noreferrer nofollow">expressed gratitude</a> for OKX Ventures’ support, stating, “We’re grateful for OKX Ventures’ invaluable support, which further motivates us in our vision to use gaming as a medium for human interaction with the virtual world. This partnership will provide us with the necessary resources and guidance to continue innovating and deliver exceptional gaming experiences worldwide.”
In tandem with this announcement, the team took to their <a style="color: #0000ff;" href="https://twitter.com/OKX_Ventures/status/1788603493017964679?t=IYPhoH_R0U4ZpvXDzfSaFw&amp;s=19" rel="noopener noreferrer nofollow">social media</a> to announce their participation in the seed investment round for Arch Network, a pioneering Bitcoin-native application and smart contract platform.&nbsp;
Arch Network represents a groundbreaking development in the cryptocurrency space as the first platform to enable bridgeless decentralized finance (DeFi) on the Bitcoin blockchain. Leveraging zero-knowledge proof (ZK proof) technology and a Rust-based zkVM known as the ArchVM, the platform offers a trustless execution environment directly within the Bitcoin blockchain.&nbsp;
This architecture allows for dynamic smart contracts and bridgeless trading experiences, enhancing user experience while maintaining a trustless relationship with decentralized applications (dApps) and protocols. OKX Ventures Founder Dora Yue <a style="color: #0000ff;" href="https://okxventures.medium.com/okx-ventures-announces-seed-round-investment-in-arch-network-a-bitcoin-native-application-and-e8506ad7e51f" rel="noopener noreferrer nofollow">expressed excitement</a> about the investment, highlighting Arch Network’s novel approach to improving user experience and trust assumptions within the Bitcoin ecosystem.
In a parallel move aimed at enhancing user experience and bolstering liquidity in the decentralized finance (DeFi) space, OKX, a leading Web3 technology company, has <a style="color: #0000ff;" href="https://www.globenewswire.com/news-release/2024/05/08/2878385/0/en/Flash-News-OKX-Wallet-Integrates-CrossCurve-for-Low-Slippage-Cross-Chain-Swaps.html" rel="noopener noreferrer nofollow">announced</a> the integration of CrossCurve, a cross-chain trading and yield protocol, into the OKX Wallet.
This integration empowers OKX Wallet users to execute low-slippage cross-chain swaps of various assets, including liquid staking tokens (LSTs), stablecoins, and Curve LP tokens, with unparalleled ease and efficiency. By leveraging Curve Finance’s extensive liquidity pools and Eywa’s secure cross-chain communication, CrossCurve addresses the liquidity fragmentation prevalent in the DeFi landscape, offering users seamless access to assets across diverse networks.
OKX Wallet users stand to benefit significantly from this integration. Key advantages include low-slippage cross-chain swaps and access to Curve Finance’s deep liquidity across multiple blockchains.
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The post <a href="https://defi-planet.com/2024/05/okx-ventures-spearheads-innovation-with-investment-in-blade-of-god-x/" rel="noopener noreferrer nofollow">OKX Ventures Spearheads Innovation with Investment in Blade of God X</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

OKX Ventures Spearheads Innovation with Investment in Blade of God X

DeFi Planet

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