OKX Ventures Invests $100 Million in Over 60 Projects in 2024

OKX Ventures, the investment arm of the popular cryptocurrency exchange OKX, has released its annual report for 2024. The report reveals that the firm invested a total of $100 million in more than 60 projects throughout the year.

According to the report, OKX Ventures invested in a wide range of sectors, including blockchain technology, multi-chain ecosystems, DeFi, and various other funds. Notably, on-chain infrastructure, AI projects, and projects built on the Bitcoin ecosystem made up the largest portion of OKX Ventures’ investments in 2024.

Investments in the Bitcoin Ecosystem

Some of the notable projects that OKX invested in within the Bitcoin ecosystem include Arch Network, Babylon, Bedrock, Corn, Merlin, Unisat, and Zeus Network. Additionally, OKX has invested in several AI projects, including OG Labs, 10 Planets, Carv, io.net, Myshell, Prodia, and Privasea.

Building Ecosystems

OKX Ventures has also worked to build with a number of ecosystems, including the Solana network, SUI, Aptos, TON, and Bitcoin. Furthermore, OKX Ventures has partnered with TON Ventures, Ankaa exchange, and TGH to develop projects for various ecosystems.

Predictions for the Crypto Industry

Aside from the recap of investments, OKX Ventures has also outlined several key predictions for the crypto industry as the new year approaches. Firstly, OKX predicts that more blockchain-based companies will seek legitimization in the form of licenses, leading to a significant increase in the number of licensed crypto firms.

“We were one of the first cryptocurrency trading platforms to obtain a comprehensive operating license in the UAE,” said Star Xu, CEO of OKX.

OKX also sees more countries creating crypto regulations to accommodate the rapidly growing industry. Additionally, OKX believes that AI agents will play an important role in crypto markets, including issuing tokens, trading, and creating digital assets. Agent-to-agent interactions will also become more prominent as time goes on.

Bitcoin-Based Projects and AI

Aside from AI, OKX will still prioritize Bitcoin-based projects, predicting more innovations will come from the ecosystem alongside a “BTC DeFi Summer” that will be spearheaded by Babylon and other Bitcoin Layer2 projects.

For more news on the latest developments in the crypto industry, stay tuned to Global Crypto News.

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