OKX Ventures Invests USD1 Million in Lead Funding Round for Hong Kong-Based AI and Web3 Startup Moonbox


OKX Ventures, the investment arm of leading global crypto exchange and innovative Web3 company OKX, has announced a USD1 million investment in Moonbox, an artificial intelligence (AI) technology and Web3-focused start-up based in Hong Kong.

In addition, Moonbox is licensed to use the intellectual property (IP) of Stephen Chow’s films, such as “Journey to the West: Conquering the Demons,” “Journey to the West: The Demons Strike Back” and “The Mermaid.” The company plans to launch a series of AI-powered NFTs and applications inspired by the art and film industry by the end of 2023.

Moonbox will use the investment to accelerate product growth and continue to develop its core technology, which is centered on building applications powered by the latest generative AI technology for use in Web3 and NFT applications.

OKX Ventures Partner Jeff Ren said: “Web3 and blockchain technology are revolutionizing the creator economy, and the emergence of Moonbox is an exciting step forward in this growth phase. With blockchain technology, users can build an open, free and transparent community that allows effective communication and open expression at a lower cost. Combining this with AI technology brings promising possibilities for the Web3 ecosystem, and OKX Ventures is proud to play a role in that journey through supporting the work of Moonbox.”

Moonbox Senior Advisor Ignious Yong said: “We’re thrilled to have OKX Ventures as a leading investor in our first funding round, as well as the support of renowned actor and cultural icon, Mr. Stephen Chow. Our mission at Moonbox is to power the Web3 ecosystem, and NFTs in particular, by providing fully immersive experiences with the use of generative AI technology. We are confident that the integration of AI and Web3 will make NFTs more fun and valuable, creating a larger variety of use cases in the film and entertainment industries, and attracting users from all walks of life.”

OKX Ventures, known for its focus on identifying high-quality projects around the world and support in developing the most cutting-edge technology innovations, has successfully invested in over 300 projects across the areas of blockchain infrastructure, Web3, NFT and others, with the aim of promoting the sustainable development of the global blockchain industry. OKX Ventures’ investment in Moonbox is one of the many efforts OKX has in promoting the integration of AI and Web3.


OKX Ventures Announces Investment in Cetus Protocol


OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today announced an investment in Cetus Protocol, a pioneer DEX and concentrated liquidity protocol built on Sui and Aptos.

The mission of Cetus is to build a powerful and flexible underlying liquidity network to make trading assets easier for Sui and Aptos users. The protocol aims to deliver the best trading experience and superior liquidity efficiency to DeFi users via its concentrated liquidity protocol and a series of affiliate interoperable functional modules.

“With the support of OKX Ventures, Cetus will gain extensive access to a wider Web3 user base and break through the boundary between on-chain and off-chain space,” said Henry Du, Co-founder of Cetus.

Dora Yue, Founder of OKX Ventures, said: “We’re very pleased to make this investment in Cetus. When it comes to the construction of the public chain ecosystem, we are optimistic about the Move language, which has the potential to build an ecosystem similar to Solidity. Cetus is the first UniV3-like AMM liquidity protocol in the Move ecosystem, providing DeFi users with a better trading experience and higher capital efficiency. OKX Ventures looks forward to supporting the project.”