"The best time was yesterday, the second best time is now."
For decades, Bitcoin has shown great creativity and resilience in a difficult market environment, injecting innovative genes into the modern monetary system, Internet technology and financial fields. , and finally successfully joined the ranks of global mainstream assets.
On January 11, the U.S. Securities and Exchange Commission (SEC) made the final decision and officially approved 11 spot Bitcoin ETFs. Behind this milestone victory is the result of the encryption industry builders’ deep thinking, innovative practice and patient persistence on the concept of future digital society. Among them, capital played a key role in this process. Even in the bear market that lasted for two years, it never stopped believing in and pursuing the future. Instead, it used funds to accumulate strength and turn the tide in the crisis moment of the project. , work together to paint a beautiful picture of the digital future and become the most powerful engine to promote continuous innovation in the encryption industry.
In 2023, the encryption industry will be in a stable state, with the total market value reaching US$1.761 trillion. Bitcoin has now returned to the top 10 global market capitalization assets with a market value of US$836.3 billion. Institutions The total number of financing rounds is 1178, with a total amount of US$9.13B, and OKX Ventures is deeply involved.
During this year, OKX Ventures remained steadfast despite the difficult times in the primary market, bucking the market trend and increasing investment, with the annual total investment exceeding US$50 million. On the one hand, through in-depth cooperation with ecosystems such as Solana, Near, Polygon, and Avalanche, we jointly set up ecological funds to support developers in building core components on the chain and participate in community co-construction; on the other hand, through in-depth cooperation with Gitcoin and Blockbooster in San Jose and Hong Kong Hold hackathons to discover innovative and high-quality projects and provide all-round support with the help of their differentiated capabilities and resources. In addition, OKX Ventures is gradually expanding its support for teams deployed on X1.
In the Year of the Dragon, the improvement of the macroeconomic situation resonates with the innovation cycle of the encryption industry, ushering in a new round of bull market reverie. Catalyzed by the Federal Reserve's interest rate expectations, the Cancun upgrade of the crypto industry, the Bitcoin halving, and ETFs accelerating the global adoption of BTC, it is expected to usher in a bright 2024. As a first-class investment institution in the crypto industry, OKX Ventures’ far-sighted investment focus has set its sights on many potential projects, and after in-depth research on industry innovation and changes, it predicted the 7 most explosive tracks in 2024.
Review of key projects in 2023
OKX Ventures investment projects Covering core areas such as infrastructure, GameFi, DeFi, Web3.0, Bitcoin ecology, and AI, in terms of quantity, 50% are infrastructure and DeFi projects, and 20% are GameFi projects, reflecting the emphasis on infrastructure. The crypto industry infrastructure provides a safe, efficient, and reliable operating environment for crypto assets and blockchain technology. Its completeness is directly related to the development and sustainability of the entire industry. Strong infrastructure will help promote innovation and attract more participants and lay a solid foundation for the long-term prosperity of the crypto industry.
The encryption industry will gradually emerge from the downturn in 2023, but due to the two-year bear market, the primary market has also encountered a relatively difficult period. During this period, OKX Ventures insisted on investing in high-quality entrepreneurial teams and projects, using top industry resources such as professional knowledge and a prosperous exchange ecosystem to provide diversified and all-round support for innovative projects with great potential. Last year, the total investment amount exceeded 5,000 Ten thousand U.S. dollars.
Investments include Polyhedra, Celestia, Kakarot, MegaRollup, Altlayer, Bitsmiley, Bewater, Babylon, Cetus, Ethena, Flashbots, HUG, Moonbox, Mocaverse, Matr1x , Orbiter, RepubliK, Rage Trade, Sei, Taiko, TRLab, zkMips and many other high-quality projects.
Next, we will select some representative innovative projects based on different tracks for brief sharing.
1. Layer2 expansion plan
Layer2 is Ethereum The network has brought huge improvements, improving its scalability, transaction efficiency and cost-effectiveness, and reducing the pressure on the main chain, etc. Currently, many solutions such as ZK Rollup, Optimistic rollup, Validium, Plasma, etc. have been developed to enhance Privacy protection and transaction cost reduction play an increasingly important role. Here we focus on sharing two projects, Scroll and Taiko.
1) Scroll: is Ethereum’s native zkEVM Layer2 solution, representing Type 2 zkEVM. Enables native compatibility with existing Ethereum applications and tools. Scroll processes transactions off-chain and publishes concise proofs of correctness on-chain. This will result in higher throughput and lower costs compared to the Ethereum base layer.
2) Taiko: is a decentralized Ethereum equivalent of ZK-EVM and universal ZK-Rollup. The aim is to allow developers and users of dApps developed for Ethereum L1 to use them on Taiko without any changes. As a result, dApps can be easily deployed to L2, inheriting the security of Ethereum while incurring lower transaction fees than L1.
2. MEV track
MEV (maximum Extracted value) refers to the maximum profit that a miner or block generator can potentially earn during the execution of a transaction on the blockchain due to the way the transactions are sequenced, packaged and confirmed. Although optimizing the order of transactions can maximize the benefits of participants, it has also triggered discussions on a series of security and network effects issues. Currently, developers, communities, etc. are working together to find a more fair, efficient and secure solution. MEV solutions.
1)Flashbots:A mainstream MEV solution designed to mitigate the negative externalities that MEV brings to smart contract blockchains and existing risks, providing a permissionless, transparent and fair ecosystem, including three goals of democratizing access to MEV revenue, bringing transparency to MEV activities, and redistributing MEV revenue.
3. Cross-chain track
Cross-chain bridge It solves the interoperability issues between different public chains, promotes the flow of crypto assets and applications, and provides users with greater choices and flexibility, thus helping to build a more powerful, diverse and interoperable blockchain. ecosystem.
1) LayerZero: is a full-chain interoperability protocol designed for lightweight messaging across chains , provides trusted and guaranteed messaging with configurable trustlessness.
2) Orbiter Finance: It is the Rollup bridge with the most users on Ethereum currently. It is used to transfer the native assets of Ethereum. An inter-chain messaging protocol is proposed to provide an aggregation middle layer for zk-rollups, improve Layer2 and reduce gas consumption.
4. Cosmos Ecology
Celestia, Sei Network, etc. More and more high-quality projects are built on Cosmos, an open platform and ecosystem designed to solve blockchain interoperability issues, allowing secure and reliable cross-chain communication between different blockchains. By providing efficient cross-chain communication and interconnectivity tools, Cosmos provides developers and users with a wider range of choices, and its ecosystem continues to grow.
1) BeraChain: It is a Cosmos Layer1 based on EVM as the architecture, adopts PoL (Proof of Liquidity) consensus, and introduces three tokens The system's Bera network has the network Gas token BERA, the ecological stable currency HONEY and the non-transferable Bera governance token BGT.
2) Sei Network: is a high-performance Layer 1, specially used for digital asset transactions, with the shortest transaction delay in the industry. With a minimum of 300 milliseconds, a built-in order matching engine (OME) can help trading applications scale, and the front-running mechanism can resist MEV. Recently, its parallel EVM narrative has triggered a market chase.
5. AI+Web3 Game Track
Web3 The game returns data ownership to players, which means players can fully own and freely trade the crypto assets they obtain in the game. They can also participate in game improvements, development of new features, and adjustments to the economic model through voting rights, and receive rewards. thereby participating more deeply in the game’s ecosystem. The development of Web3 games has promoted the development of the game industry in a more open, transparent and user-friendly direction.
Matr1x: It is a metaverse brand that includes self-developed high-quality games or cooperation with third parties, game IP development cooperation, and global e-commerce. Competition events. Matr1x will interpret its game trilogy (Cyber Earth - Mars Immigration - Interstellar Exploration) through three large-scale games with a unified world view: Matr1x FIRE (first-person shooter), Matr1x WAR (shooting + MMORPG) and Matr1x EVOLUTION (SOC) .
6. Bitcoin Ecology
2023, Ordinals The birth of BRC20 and BRC20 has activated the Bitcoin ecosystem, created a new narrative for Bitcoin in addition to value storage, transactions and payments, increased the income of miners, alleviated users’ concerns about the end of Bitcoin halving or its impact on network security, and Detonating the prosperity and development of the inscription ecology of other major public chains. Bitcoin has since broken its stereotype of "digital gold". Various L2, token protocols, cross-chain bridges, etc. are thriving, and market attention has begun to return to the Bitcoin ecosystem.
Bitmap Tech (formerly Recursiverse): is a platform designed to build on the Ordinals network and the first layer of Bitcoin (layer 1). Innovative projects for an intelligent, decentralized and composable digital world. The project reflects a strong commitment to building a valuable Metaverse ecosystem and has launched products such as BRC420, Recursive Index Inception and Bitmap.Game
B^2 Network:It is a second-layer (Layer-2) solution on Bitcoin. Combined with ZKP’s BTC rollup, the aggregated storage and ZKP can be written into BTC inscription to achieve legitimacy and BTC layer 2 with higher usability.
Babylon: is a proposed Bitcoin staking protocol that allows Bitcoin holders to Its idle Bitcoins are pledged to increase the security of the PoS (Proof-of-Stake) chain and earn profits in the process, aiming to integrate Bitcoin with the PoS economic system.
BitSmiley: It is the first native stablecoin project in the BTC ecosystem and is a comprehensive financial system built on the Bitcoin blockchain. protocol, as part of the Fintegra framework.
OKX Ventures investment projects cover popular tracks such as L2, Bitcoin ecology, Cosmos ecology, AI+Web3 games, etc., and innovate for the encryption industry by comprehensively mobilizing resources The development of the project provides stronger support. In particular, the emphasis on infrastructure including networks, protocols, hardware, etc. plays a key role in promoting the development and stability of the entire encryption ecosystem.
7 predictions for 2024
As technology-driven In the field of cryptography, new technologies and solutions are constantly emerging in the encryption industry to promote industry development. OKX Ventures focuses on long-term value investment, actively embraces industry innovation and changes, and predicts the 7 most explosive tracks in 2024.
1. BTC expansion and application explosion, on-chain activity improves network security
Bitcoin halving narrative, overlapping interest rate cut cycles, and the approval of spot ETFs have objectively accelerated the adoption of BTC. The current number of global crypto asset users has grown from 5 million in 2016 to 420 million today, and the cumulative number of Bitcoin addresses has exceeded 1.2 billion. According to Token terminal data, the number of monthly active users of Bitcoin is about 13.7m, and the on-chain transfer data is about 17.5m, which is in a growth trend. Additionally, as on-chain data grows, Bitcoin’s blockchain size is approximately 507GB, an increase of approximately 70% from three years ago.
The current activity on the Bitcoin ecological chain is exploding. The outbreak of Ordinals this year has essentially empowered the Bitcoin network with asset issuance capabilities and promoted large-scale applications such as inscriptions. So far, the cumulative number of BRC-20 transfers has exceeded 45.4 million, the cumulative handling fees generated by BRC-20 have exceeded 4,290 BTC, the cumulative total inscriptions have exceeded 53 million, and the cumulative handling fees generated by Ordinals have exceeded 5,383 BTC. OKX Ventures believes that the future Bitcoin asset issuance protocol will be more diversified and support more native innovation. Asset innovation protocols such as Ordinals, BRC-20, RGB, Taproot Assets, Runes, Taro, Atomics, etc., combined with new possible expansion solutions will bring more possibilities to the ecosystem. Bitsmiley that supports native DeFi and POS has been invested in Capacity expansion projects such as BabyLon and Bitmap tech and B^2 network that support Layer 2 expansion.
In 2024, there will be many innovations worth looking forward to in the Bitcoin ecosystem, and user privacy and transaction efficiency will be greatly improved. Especially Lightning Network developments such as single taproot channel using MuSig2, Payment Splitting and Switching (PSS) to increase network throughput and reduce the risk of balance detection attacks, interactive multi-party signatures (MuSig2), multiple HTLCs aggregation to reduce chain Improved cost and anti-interference performance. The combination of Taproot assets and RGB provides a new on-chain mechanism for tokens. Security and privacy have also been enhanced through soft fork proposals such as OP_VAULT and BIP324’s version 2 P2P transfer protocol. The assumeUTXO function of Bitcoin Core is intended to improve the experience of new full nodes, etc. These innovations herald a more robust, efficient and user-friendly Bitcoin network.
2. Ethereum Cancun upgrade improves Layer 2 availability and leads the industry forward
2023 is a challenging year for Ethereum. In the bear market atmosphere, many indicators of Ethereum have declined compared to 2022, but TVL has been an exception due to the price increase, which has increased from US$4.95 billion to approximately US$20.5 billion, and various indicators of Ethereum in the last few months of the year There was still growth and a strong finish.
The number of Layer2 projects has increased from about 18 to more than 34, and the number of daily active users of Layer2 has exceeded Layer1; DeFi has become the main use case of Ethereum. Gas usage accounted for 31% at the beginning of the year and almost rose to 50% at the end of the year. Uniswap accounted for 11.7% of Ethereum transactions throughout the year; NFT-related Gas usage dropped from 32% in January to 7% in December. In particular, the Shanghai upgrade has driven an 82% increase in pledge volume, with more than 24% of ETH being pledged. The usage scenarios of pledged ETH are also expanding, becoming an important source of credit to promote ecological growth.
The Cancun upgrade is the most important benefit for Ethereum in 2024. Through the implementation of the EIP-4844 Proto-Danksharding proposal, it will bring essential performance improvements to Layer 2 projects. Improvement, and the introduction of Blob space solves the limitations of calldata. Layer 2 can significantly increase the volume of transactions submitted to the main network at a time, thereby bringing lower fees to users. In the future, Layer 2 competition may revolve around operational capabilities and the implementation of decentralization, such as Restaking Rollup, DA innovation, decentralized Sequecner, and decentralized Prover.
Ethereum is still leading the industry in in-depth research and solving key issues such as ZK applications, modularity, EOF and account abstraction. In the past few years, the emergence of Ethereum's expansion solution Rollup is undoubtedly a major breakthrough in the industry. Despite the ups and downs of the market and the challenges of competitive chains, Ethereum still plays a leading role in promoting in-depth research and technological innovation in the industry. OKX Ventures expects that there will be multiple EIPs next year that will play a key role in the development of Ethereum, such as ERC-4337, EIP-4844, EIP-3074, EIP-5003, Verkle Tree and the corresponding Prague/Electra upgrade plan. From all aspects, Ethereum is still firmly leading the trend of industry innovation, whether in technical research or ecological construction, it is constantly providing motivation and direction for the development of the entire blockchain industry.
3. Represented by Solana, the Alt-layer1 ecosystem will benefit from industry recovery
The blockchain is more like cities than a network. Solana and Move public chains have reserved a large amount of new infrastructure. When more users in the entire industry pour in, the low-cost and high-capacity characteristics of the city will be fully demonstrated. Therefore, the single-chip chain Solana represented by Solana , Cosmos is ushering in an explosion again, and its developers, market value, and active users have all increased.
Solana’s developer ecosystem data has exceeded expectations, with approximately 2,500-3,000 monthly active developers, making it the ecosystem with the second largest number of monthly active developers in the industry. . Its three-month developer retention rate has increased from 31% to over 50% to keep a steady stream of new developers joining, more than half of whom have at least 3 years of development experience, meaning higher contribution levels and more mature app.
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Solana charges state rent from the DApp team and voting fees from validators, which creates additional value for SOL coins in addition to transaction fees and provides a different Based on Ethereum’s token value mechanism. Shift costs from users to DApp teams and infrastructure providers for better scalability. This not only helps enhance user experience (by reducing user transaction costs), but also provides a value driver for the Solana network. Compared to Ethereum, Solana provides better performance indicators at the expense of higher hardware requirements. This does not directly lead to centralization, but helps achieve high throughput and fast transaction confirmation times. Solana’s smart contracts operate through standardized structures such as Metaplex, which reduces the due diligence burden on users and developers and promotes entrepreneurial activity, innovation, and standardization of contracts that may result in lower costs for developers and users.
Solana ecosystem provides more possibilities. Teleport, Helium and Render Network use Solana’s scalability and efficiency to redefine ride sharing and the Internet of Things. Traditional models for communication and GPU rendering. Solana’s role as a speed catalyst, lower transaction fees, and web-scale architecture make it the first choice for entrepreneurs to navigate a decentralized future. Because these projects integrate seamlessly with Solana, they not only address the limitations of centralized systems but also point the way toward building more inclusive, resilient, and dynamic decentralized physical networks.
4. AI narrative and Web3 technology are closely integrated, and new applications are emerging
2022 to 2023 is known as the first year of the AI explosion. In October 2022, after OpenAI released ChatGPT, it accumulated 1 million users in just five days. According to Delphi's statistical caliber, ChatGPT continues to break records and becomes the fastest application to accumulate 100 million users. Against this background, artificial intelligence is also gradually integrated into the cryptocurrency market. According to CMC data, the current market value of the Generative AI sector has exceeded 67B US dollars, and the transaction volume has exceeded 600 million US dollars.
AI projects in the encryption industry are mainly used in decentralization Computing power, decentralized AI public chain, AI model trading market, AI application, ZKML and other directions. Among them, OKX Ventures believes that decentralized computing power, AI Agent and AI+Web3 applications deserve continued attention.
In terms of decentralized computing power, the decentralized nature of blockchain is conducive to reducing costs. The higher the degree of decentralization of computing power nodes, the lower the price per unit of computing power. By introducing Web3's unique Token economic governance model, model training, reasoning, or the optimization and allocation of computing power, there is huge room for imagination.
AI Agent is an intelligent agent program with independent decision-making and execution capabilities. By simulating and playing human roles, it can enhance the information communication capabilities between the blockchain and the outside world. , more intelligently choose the cross-chain solution that best suits user needs, thereby breaking the current "information island" problem caused by the prosperity of the public chain ecosystem and providing users with a better cross-chain experience.
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In terms of AI + Web3 applications, the more reasonable point of AI applications is to enhance user experience and improve development efficiency, or as an important part of the blockchain market. Combined with existing blockchain applications, such as AI combined with DeFi, Game, NFT, etc. The technical integration of AI and Web3, with the support of a compliance environment, is expected to change the current user behavior habits of Web3, accelerate large-scale adoption, and jointly build a trusted digital society.
AI is also one of the areas that OKX Ventures focuses on, and it has currently participated in investments in Flock, MyShell and other projects. Take MyShell as an example. MyShell has led the way in multi-modal speech models. Its Github already has 12k+ stars, 420,000 product registrations, 50,000 creators, 70,000 private robots, and 900 public robots. It has become a model for combining AI Agent applications with Web3.
5. A new paradigm breaks out in chain games, FOCG single-point breakthrough
Blockchain games have not yet exploded in 2023, but due to good data and target attributes that carry a large number of users, blockchain games are still a high-quality track with huge potential. Over the past year, the gaming industry has disclosed a total of 133 deals raising $1.18B in funding, bringing the total number of gaming projects to approximately 2,500 to 3,500. In addition, according to Footprint data, the total number of users in the GameFi field will reach 340 million in 2023, the total transaction volume will exceed 3.2 billion U.S. dollars, and the total number of transfers will reach 7.4 billion. The on-chain transaction volume generated by game projects is 23% more than the DeFi protocol on average. times. For example, Sweat Economy powered by NEAR is one of the most widely used mobile money-making apps in the world. Over the past 30 days, 1.04 million UAW. There are currently over 145 million users, staying active and healthy while earning cryptocurrency.
Picture: Delphidigital
With the arrival of opportunities for 3A games, blockchain games will Become a new user growth point. From the supply side, after the development throughout 2023, a large number of high-quality games are ready to go. It can be imagined that with the support of 3A game IP, it will help traditional game users enter the Web 3.0 world more smoothly and gradually open up a new situation in the game industry. OKX Ventures predicts that 2024 may usher in a renaissance of blockchain games, and a battle for users among various games will begin. Currently, it is very optimistic about the ability of 3A games to capture user and asset value, and has successively deployed BIG TIME, Ember Sword, Shrapnel and other series of game projects. For example, the BIGTIME token was launched at just the right time, as the market began to pick up. Players earned in-game token rewards every day, and the token price also achieved good growth, making it one of the more successful investments.
In the future, FOCG (Fully Onchain Game) will also become a new growth point in the gaming field. FOCG refers to a game in which assets, settlement, and game logic all occur on the blockchain, creating a newer and more complex on-chain application paradigm that will bring financialization and composability. At present, the FOCG track is in a relatively early stage, still to be developed and constructed, and its applications and assets are somewhat barren, so there are huge growth opportunities. OKX Ventures is optimistic about FOCG and has focused on FOCG-oriented projects such as Curio to support industry innovation. It can be expected that FOCG will continue to thrive around three parts: engine, game content, and peripheral ecology such as wallets and trading platforms.
6. DePIN continues to maintain high growth
DePIN is The physical infrastructure grid uses blockchain technology to transparently and efficiently manage real-world services and will explode in 2023. The current market value of DePIN exceeds US$20 billion, with a year-to-date growth rate of more than 50%, a transaction volume of US$11 billion, and an annualized on-chain revenue of approximately US$15 million. According to the DePIN report released by Messari, the total number of DePIN ecological projects in 2023 will exceed 650, covering six major segments: computing, artificial intelligence projects, wireless, sensors, energy and services. It is worth noting that DePIN’s revenue is based on utility rather than speculation. Compared with other cryptocurrencies that fell as much as 70-90% in the bear market, DePIN’s revenue only fell by 20-60% from the peak, which is more moderate. , supportive.
Picture: Coinmarketcap
OKX Ventures believes that in terms of applications, DePINs are expected to be seen in 2024 Start to try more in-depth new directions that combine with AI, ZK, games and other fields. For example, ZK-verifiable GPU cloud services can be implemented on-chain in 1-2 years, and centralized providers will not be able to serve them. In terms of narrative, I am optimistic about the infrastructure of the DePIN track and the specific Layer1 in the DePIN direction.
Considering the advantages of high throughput, low fees, and a large developer community, most DePINs are currently built on general-purpose chains such as Solana or Polygon. Projects like Helium and Render Network have migrated to Solana and brought a large number of users to Solana. According to data from dune, the total number of IOTex users currently reaches 440,000, and Helium has more than 180,000 users on Solana. From the perspective of user needs, by 2024, DePIN-specific layer1 will begin to launch and expand, and a specific dedicated chain serving DePIN will appear.
7. The macro environment is improving and entering a new era of encryption
With the establishment and improvement of the encryption industry regulatory systems in countries and regions around the world such as El Salvador, Canada, Dubai, and Brazil, the encryption industry is making great strides towards compliance, and may obtain a more favorable development environment in 2024. and expand its popularity. In particular, the U.S. SEC has officially approved the Bitcoin spot ETF, which means that traditional financial investors have officially gained exposure to Bitcoin, which will further catalyze the compliance and large-scale development of the encryption industry, and in turn force traditional finance to embrace innovation and jointly promote The financial industry is moving towards fairness, security and transparency.
According to Blockworks data, as of January 12, 2024, the trading volume of the US spot Bitcoin ETF on its first day of listing reached US$4.6 billion, of which Grayscale’s GBTC Trading volume exceeded $2.1 billion, with BlackRock’s IBIT exceeding $1 billion and Fidelity’s FBTC exceeding $680 million. Eric Balchunas, senior ETF analyst at Bloomberg, said that in the two days since the Bitcoin spot ETF was listed, nine issuers have absorbed US$1.4 billion in funds, exceeding GBTC’s US$579 million outflow, with a total net inflow of US$819 million. Both traditional macro funds and ultra-high net worth individuals have continued to inject a large amount of liquidity into the crypto industry. From another perspective, the volume of stablecoins on the chain is also increasing, indicating that new funds are beginning to continue to flow in. DefiLlama data shows that the total market value of stablecoins is US$133b, a new high, of which USDT has a market value of US$94.9b, with a market share of 71%.
Picture: DefiLlama
With the support of capital, the encryption ecosystem will be accelerated to a more complete direction development. Blockchain infrastructure has developed rapidly in the past few years, coupled with the catalysis of VC capital, creating the necessary conditions for new applications and innovations. Approximately $73.4 billion will flow into crypto-related businesses and projects between 2017 and 2022. In the whole year of 2023, the total financing amount will reach 9.13b US dollars, and the total financing rounds will be 1178.
Picture: ROOTDATA
From January 2020 to January 2024, the categories of financing In addition to CeFi, a large amount of money flows to infrastructure, Games, NFT and DeFi. These types of projects have accumulated enough funds during the bear market and have certain guarantees in product delivery, becoming the new targets for the next wave of innovation.
Picture: ROOTDATA
Summary
< p style="text-align: left;">The rise of the encryption industry has become an engine driving huge changes in the Internet technology and financial fields, opening the door to the future world. In this field full of challenges and opportunities, crypto industry builders have become creators driving the digital future. Their deep understanding and unique insights into blockchain technology, and through innovation and dedication, have made the crypto industry achieve great success today. But these builders are not satisfied with the status quo, but continue to push the encryption industry forward. They participate in open source projects, lead startups, actively participate in community building, and promote the prosperity and development of the entire industry. Their dedication not only inspires more young people to join this field, but also injects fresh blood into the entire crypto economy.
In addition, with the continuous emergence of new technologies and solutions and the gradual establishment of a global encryption regulatory system, the relationship between the encryption industry and the traditional financial system In a continuous evolution, the interaction between the two parties is changing from competition and cooperation to a convergent relationship, thereby affecting and promoting market liquidity between the two. This shows that the encryption industry will reach a higher level in 2024. However, the entry of large-scale liquidity does not happen overnight. The encryption industry is showing a rapid development trend, and the emerging innovative projects urgently require professional funding, technology, and strategic support.
As a first-class investment institution, OKX Ventures has long been rooted in the front lines of the industry, serving diverse innovations and aiming to serve as industry builders and these high-quality start-up teams. and project support. With a deep understanding and insight into the blockchain industry, as well as professional post-investment management experience, he has gradually forged the "innovation + empowerment" differentiated approach of the global team, and through integration and cross-border cooperation, he has opened up OKX's All-round resources such as traffic, transactions, public chains and technology have built a complete OKX resource system, which can be connected to the invested teams in one stop, providing multiple services and resource grafting. In addition, OKX Ventures is not a financial investor in the traditional sense, but has the dual role of "discoverer" and "enabler". It will grow together with "entrepreneurial partners" to accelerate the creative and innovative development of the industry.
Looking back at history, Bitcoin has experienced several economic cycles and market fluctuations since its birth in 2009, but in the end it can rebound and create new This performance has strengthened the confidence of long-term value investors in Bitcoin, including OKX Ventures. In the ever-changing market environment, OKX Ventures is keenly aware of market trends, flexibly responds to market changes and adjusts strategies, and has always firmly invested in innovative industry projects. It has not only successfully experienced several bull and bear cycles and gained rich harvests. In the future, OKX Ventures will continue to delve into the primary encryption market and provide support to industry builders and these high-quality start-up teams and projects.