<p>OKX Ventures, the investment arm of OKX, the second-largest crypto exchange by <a href="https://blockchainreporter.net/glossary/trading/" rel="noopener noreferrer nofollow">trading</a> volume, has revealed its recent investments in three groundbreaking projects. The <a href="https://okxventures.medium.com/okx-ventures-crypto-investment-report-in-may-eb472f8630af" rel="noopener noreferrer nofollow">May Report released by OKX Ventures</a> highlights its financial backing for Prisma Finance, Rage Trade, and Shutter Network, which focus on liquid staking tokens, decentralized derivatives, and mitigating malicious activity in the blockchain ecosystem.</p><h2 id="header-0">Investments in Innovative Crypto Projects</h2><p>Prisma Finance is a <a href="https://blockchainreporter.net/defi/" rel="noopener noreferrer nofollow">decentralized finance (DeFi)</a> project that aims to unlock the full potential of Ethereum liquid <a href="https://blockchainreporter.net/glossary/staking/" rel="noopener noreferrer nofollow">staking</a> tokens (LSTs). By leveraging LSTs, Prisma Finance enables users to mint stablecoins known as acUSD, which are fully collateralized by LST. This innovative approach offers users increased liquidity and opportunities to participate in the growing DeFi ecosystem.</p><p>Rage Trade, another project supported by OKX Ventures, is a decentralized derivatives trading protocol available on both the <a href="https://blockchainreporter.net/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> and Arbitrum mainnets. It empowers users with the ability to trade ETH perpetual swaps, utilizing up to 10x leverage. The platform’s decentralized nature ensures transparency and reduces counterparty risk, providing traders with a secure and efficient environment.</p><p>Additionally, OKX Ventures has invested in Shutter Network, an open-source project with a crucial objective of preventing malicious Maximal Extractable Value (MEV) and front-running activities on the Ethereum network. By addressing these challenges, Shutter Network aims to enhance the overall security and fairness of the Ethereum <a href="https://blockchainreporter.net/glossary/digital-asset-ecosystem/" rel="noopener noreferrer nofollow">ecosystem</a>, promoting trust and confidence among participants.</p><h2 id="header-1">Facilitating the Growth of Blockchain Companies</h2><p>OKX Ventures has established a strong track record over the past two years, investing in 300 projects across five continents with a fund size of approximately$1 billion. The investment arm focuses on identifying and supporting cutting-edge blockchain innovations, seeking projects that demonstrate long-term value and contribute to the healthy development of the global blockchain industry.</p><p>Through its commitment to supporting entrepreneurs and the blockchain community, OKX Ventures facilitates the growth of innovative companies by providing global resources and leveraging its historical experience in the blockchain space. By actively supporting entrepreneurs who drive the development of the blockchain industry, OKX Ventures fosters innovation and brings valuable resources and experience to blockchain projects.</p><p>OKX Ventures serves as the investment arm of OKX, a prominent <a href="https://blockchainreporter.net/glossary/web-3-0/" rel="noopener noreferrer nofollow">Web3</a> technology company and the second-largest crypto exchange globally in terms of trading volume. With an initial capital commitment of $100 million, OKX Ventures aims to explore the most promising blockchain projects worldwide. The investment arm supports cutting-edge blockchain technology innovation and contributes to the healthy growth of the global blockchain industry by investing in projects that provide long-term structural value.</p>

OKX Ventures Invests in 3 Major Projects, Driving Innovation in DeFi, Derivatives, and MEV Solutions

Table of Contents

BlockchainReporter

Autres articles publiés le 26 juin 2023

SHIB Market Plunges: Musk’s Account Suspension Sparks Bearish Panic

Binance Targets United Arab Emirates for Future Operations

Bitcoin Futures ETF Achieves Impressive $1 Billion Mark Amidst Fierce Spot ETF Battle

Tether May Rake in $6B in Profits, Surpassing BlackRock’s $5.5B

Tone Vays Foresees Bitcoin Rallies up to $55,000

Can death spirals in crypto be beaten?

Join our free newsletter for daily crypto updates!