OKX Ventures, the investment arm of global cryptocurrency exchange OKX, announced that it has invested in 0xScope, a data analytics platform that offers a knowledge graph protocol for Web2 and Web3 data.
According to the announcement, this move forms part of OKX Ventures’ ongoing efforts to shape the future of Web2 and Web3 data analytics.
0xScope offers a range of SaaS solutions that meet the data-centric demands of Web3 venture capital funds, blockchain protocols, Layer-1 and Layer-2 ecosystems, commerce companies and developers.
One of the project’s core products is Scopescan, a blockchain analysis and research platform powered by 0xScope’s knowledge graph.
However, the amount of OKX’s investment in the project in question was not shared with the community.
According to Dora Yue, Founder of OKX Ventures, data plays a crucial role in the three main technological pillars of Web3: cross-chain integration, decentralized storage and privacy transactions. “0xScope has made impressive progress in these three areas by leveraging knowledge graph technology,” said Yue.
In addition to 0xScope, OKX Ventures recently acquired Moonbox, a Hong Kong-based artificial intelligence (AI) technology and Web3-focused start-up and an open-source project aimed at preventing malicious MEV and front running on Ethereum. announced that it invested 1 million USD in Shutter Network.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/crypto-exchange-okxs-investment-arm-announces-new-cryptocurrency-project-it-invested/