HONG KONG, Oct. 11, 2023 (GLOBE NEWSWIRE) -- OKX Ventures, the investment arm of leading Web3 technology company OKX, has issued updates for the day of October 11, 2023.
OKX Ventures Participates in REPUBLIK's US$6 Million Seed Funding Round
OKX Ventures is proud to announce that it has participated as one of the leading investors in the seed funding round of REPUBLIK, a global technology company building new ways for people to interact. The round has been concluded successfully with US$6 Million, together with other leading investors including 6th Man Ventures, Arcane Ventures, CMS Holdings, Comma3 Ventures, Define Ventures, Enjin, FBG Capital, HTX Ventures, Mirana Ventures, Oracles Investment Group, Signum Capital, Sora Ventures and UOB Venture Management.
REPUBLIK provides a suite of tools for creators to interact and get rewarded for their contributions in new ways, such as token-based reward systems, through the application of Web3 and blockchain technologies. It allows creators to unlock untapped opportunities that are traditionally out of reach on current social platforms.
With this investment, OKX Ventures aims to promote fair distribution of value across the ecosystem, and further empower projects and entrepreneurs with the potential to shape the future of the global blockchain industry.
The REPUBLIK App, currently in its beta version, is available on web, Google Play Store for Android and Apple App Store for iOS at: https://app.republik.gg/
For further information, please contact:
About OKX Ventures
OKX Ventures is the investment arm of the second-largest crypto exchange by trading volume and Web3 technology company OKX. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.
Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.
Find out more about OKX Ventures here.
Disclaimer
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