OKX Ventures strategically invests in EVG’s consumer-oriented projects, paving the way for innovative applications in So

Hong Kong, May 6, 2024 – OKX Ventures , the investment arm of leading cryptocurrency exchange and Web3 technology company OKX, announced a strategic investment in four consumer-oriented products of Web3 Venture Group EVG . These products include Open Social Protocol , the underlying infrastructure of SocialFi , Zeek , a decentralized collaborative social network , Legend of Arcadia , a strategy card game , and Last Odyssey , a real-time strategy game .

Jeff Ren, Partner at OKX Ventures, said: “EVG is a leading early-stage builder in Asia, driving meaningful innovation in the fastest-growing verticals such as SocialFi and GameFi. We are excited to support its efforts through strategic investment and network, and look forward to advocating for our shared vision to drive mass adoption in the Web3 space.”

OKX Ventures sees great potential in these new consumer-oriented initiatives, especially their ability to integrate real-world application scenarios and gamification mechanisms into social and gaming experiences. This investment decision will accelerate the large-scale application of these disruptive technologies among mainstream audiences in a fun and interactive form.

Allen Ng, co-founder and CEO of EVG, said: With the underlying technology becoming more complete than ever, this wave of consumer scale-up is ready. Asia is at the forefront of SocialFi and GameFi, two of the most important use cases that are expected to bring the next billion users to Web3. We are very honored to have the support of OKX Ventures in these innovative experiments.

OKX Ventures is known for its forward-looking methodology and ability to identify innovative projects with transformative potential. By investing in EVGs projects, OKX Ventures aims to tap into EVGs innovative power and leverage its expertise in Asia to promote product-market fit in the social and gaming segments.

OKX Ventures is known for its forward-thinking approach and ability to identify innovative projects with transformative potential. By investing in EVGs projects, OKX Ventures aims to leverage EVGs innovative power and its expertise in Asia to drive product market fit in the social and gaming industries.

About OKX Ventures

OKX Ventures is the investment arm of OKX, a leading global virtual asset exchange and innovative Web3 technology company. OKX Ventures focuses on exploring the worlds best blockchain projects, supporting advanced blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.

OKX Ventures is also committed to helping entrepreneurs promote the development of the blockchain industry and helping to establish innovative companies, as well as providing global resources and experience for blockchain projects.

To learn more about OKX Ventures, please visit .

About EVG

Everest Ventures Group (EVG) is a global startup group focused on Web3 construction and is committed to promoting large-scale Web3 applications. Headquartered in Hong Kong, with a global team of 300 people, EVG has successfully created and launched a series of future products for digital interaction in different application scenarios. EVG has invested in and participated in the development of more than 100 projects worldwide, including Animoca Brands, Berachain, Immutable, Dapper Labs (Flow), The Sandbox, Yuga Labs, Kraken, Lukka, Celestia, Wormhole and Dunamu. By integrating Web3 technology and community momentum into carefully polished products, EVG is building tomorrow today and is ready to embrace an open and impeccable digital future.

For more information, please visit www.evg.co.

This article is sourced from the internet: OKX Ventures strategically invests in EVG’s consumer-oriented projects, paving the way for innovative applications in SocialFi and GameFi

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