SINGAPORE, March 13, 2024 -- OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today announced its leading role in the latest investment round of UXLINK. UXLINK is a Web3 social platform that combines a Web3 gateway, social DEX, and infrastructure with the goal of facilitating mass adoption.
UXLINK is the first SocialFi application that effectively connects the trust users have in real-world relationships with decentralized applications, by utilizing Web3 "UXGroups" on Telegram. As the first trust-focused platform in the Web3 space, UXLINK facilitates the transition from Web2 to Web3, fostering unity and empowering the creation of social assets and social trading.
To date, UXLINK has successfully onboarded 3.5 million registered users. In addition to OKX Ventures, the platform has also secured investments from high-profile venture capital firms such as ZhenFund, HongShan and MatrixPort Ventures.
OKX Ventures Founder Dora Yue said: "UXLINK is a game-changer in the Web3 social infrastructure space; the project has rapidly developed through its 'acquaintance social' and 'group' model. In just 10 months since its launch, it has attracted millions of users, highlighting the fast growth and effective spread of this model. Recently, the platform's 'Link to Earn' feature has drawn in most new users. This innovative concept merges social networking and transactions, creating a robust ecosystem where people can fully leverage their digital assets. We believe UXLINK will effectively bridge the vast user base of Web2 with the Web3 world."
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About OKX Ventures
OKX Ventures is the investment arm of leading crypto exchange and Web3 technology company OKX, with an initial capital commitment of USD 100 million. It focuses on exploring 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.
Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.
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SOURCE OKX Ventures
