OKX Ventures has invested in Uxlink, a Web3 social platform situated in Singapore that integrates a Web3 gateway, social DEX, and infrastructure to enable widespread adoption.
Apart from OKX Ventures, ZhenFund, HongShan, and MatrixPort Ventures are among the venture capital firms that have invested in the platform.
The deal’s total value was not made public.
The money will be used by the business to grow both its operations and development initiatives.
Through the use of Web3 “UXGroups” on Telegram, Uxlink is a SocialFi application that links users in real-world relationships with decentralized applications. It enables the creation of social assets and social trading as a platform in the Web3 space, easing the shift from Web2 to Web3.
Uxlink has added 3.5 million registered users so far.
About OKX Ventures
- With an initial capital commitment of USD 100 million, OKX Ventures is the investment division of OKX, the Web3 technology company and the second-largest cryptocurrency exchange by trading volume.
- It focuses on examining the top blockchain projects worldwide, funding innovative blockchain technology, encouraging the robust growth of the global blockchain market, and making long-term structural value investments.
- OKX Ventures helps create cutting-edge businesses and provides blockchain projects with global resources and historical experience through its dedication to assisting entrepreneurs who advance the blockchain industry.
