Digital asset firm OKX is pleased to announce their strategic investment, through our investment arm, OKX Ventures, in DeBox, a decentralized social networking platform for Web3 communities and Decentralized Autonomous Organizations (DAOs).
Over the past two years, DeBox has committed itself “to serving the Web3 community, generating over 10 million posts and attracting more than 690,000 mobile users.”
The platform offers “an array of features such as DAO formation and governance, networking and social trading opportunities, the setup of decentralized identifier (DID)-based profiles and NFT avatars, and the ability to earn tokens for publishing content, among others.”
DeBox also provides a token swap solution, DeSwap, which “enables users to swap tokens across seven supported blockchain networks, including Ethereum, BNB Chain, Polygon, Optimism, Arbitrum, zkSync Era and Avalanche.”
Their founder at OKX Ventures, Dora Yue said:
“We are driven to invest in DeBox because of its potential to revolutionize social use cases within the Web3 space, facilitating the onboarding of the next billion users. DeBox leads its community with a DAO format, enabling seamless wallet access and engagement through unique NFT avatars based on animal characters and DID names. DeBox enhances user experience with interactive DApps, promoting the sharing of ideas, content management, and providing trading or staking options.”
Their investment in DeBox is a step “towards cultivating a more inclusive and interactive Web3 space, aligning with our shared vision with DeBox for a decentralized future.”
Founded in 2017, OKX claims that it is “one of the world’s leading cryptocurrency spot and derivatives exchanges.”
OKX innovatively adopted blockchain technology “to reshape the financial ecosystem by offering some of the most diverse and sophisticated products, solutions, and trading tools on the market.”
“Trusted” by more than 50 million users in over 180 regions globally, OKX strives “to provide an engaging platform that empowers every individual to explore the world of crypto.”
In addition to its DeFi exchange, OKX serves its users “with OKX Insights, a research arm that is at the cutting edge of the latest trends in the cryptocurrency industry.”
With its range of crypto products and services, and commitment to innovation, OKX’s vision is a world of financial access “backed by blockchain and the power of decentralized finance.”