TLDR:
- OKX Ventures leads a $1.5 million seed funding round for BlockBooster, an Asia-centered venture studio.
- BlockBooster’s incubation model offers support to projects in the infrastructure, social, and gaming sectors within Web3.
OKX Ventures, the investment arm of the leading cryptocurrency exchange and Web3 technology company OKX, has led a $1.5 million seed funding round for BlockBooster, an Asia-centered venture studio. The funding round also saw participation from Conflux Network, Neighbor Capital Series, IceRiver Venture, and Bitcoin Lab, among others. BlockBooster’s incubation model offers all-rounded support to high-quality projects in the infrastructure, social, and gaming sectors within Web3. By collaborating with top-notch partners, such as OKX Ventures, BlockBooster provides extensive, long-term support to select promising project teams in various aspects.
With this strategic investment, OKX Ventures aims to enhance its access to investment opportunities of early-stage, quality projects and Web3 talent. They also seek to foster collaboration between BlockBooster, its supported projects, and the OKX ecosystem. BlockBooster plays an active role in events organized for Web3 builders, such as hackathons and collaborations with industry partners.
Jeff Ren, Partner of OKX Ventures, expressed excitement about backing BlockBooster and working together to identify and foster high-quality Web3 initiatives. Founder of BlockBooster, Samuel Gu, also highlighted the recognition and support from OKX Ventures, stating that the collaboration will bring enhanced support for the community and foster innovations shaping the future of Web3.
OKX Ventures focuses on exploring the best blockchain projects globally and supporting cutting-edge blockchain technology innovation. The collaboration with BlockBooster signifies a commitment to supporting Web3 entrepreneurs and builders in the digital currency space.
