Le Lézard
Classified in: Science and technology, Business
Subject: VEN

Flash News: OKX Ventures Backs AltLayer in a US$14.4 Million Round to Champion Innovation in Blockchain Technology


SINGAPORE, Feb. 20, 2024 /PRNewswire/ -- OKX Ventures, the investment arm of leading Web3 technology company OKX, has issued updates for February 21, 2024.

OKX Ventures Backs AltLayer in a US$ 14.4 Million Round to Champion Innovation in Blockchain Technology

OKX Ventures is proud to announce its participation in a funding round for AltLayer, a leading platform for rollups. The funding round, which raised $14.4 million, was co-led by Polychain Capital and Hack VC. This investment underscores OKX Ventures' continued commitment to supporting innovative projects in the blockchain space.

AltLayer is a decentralized protocol that empowers developers to create rollups from various software stacks, offering a rollup-as-a-service model. This round of capital will be utilized to expand AltLayer's team and further enhance its rollup infrastructure.

OKX Ventures Founder Dora Yue said: "We're excited to support AltLayer in their quest for scalability and innovation in the blockchain technology sector. AltLayer's dedication to developing rollup infrastructure signifies a considerable advancement for the industry. This aligns perfectly with OKX Ventures' mission to support projects that drive innovation and push the boundaries of the blockchain space."

OKX Ventures looks forward to seeing the growth and development of AltLayer, as well as supporting their vision to revolutionize the blockchain industry.

For further information, please contact:
[email protected]

About OKX Ventures

OKX Ventures is the investment arm of global leading crypto exchange and Web3 technology company OKX, with an initial capital commitment of USD100 million. 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

SOURCE OKX Ventures


These press releases may also interest you

at 14:45
iFLYTEK Launches Smart Recorder: The Future of Offline AI Voice Recording
iFLYTEK, a leader in AI and speech recognition, announces the iFLYTEK Smart Recorder, a groundbreaking all-in-one device revolutionizing voice recording with offline AI technology. This recorder offers unmatched reliability for professionals,...

at 14:45
NASA Sets Coverage for Boeing Starliner's First Crewed Launch, Docking
NASA will provide live coverage of prelaunch and launch activities for the agency's Boeing Crew Flight Test, which will carry NASA astronauts Butch Wilmore and Suni Williams to and from the International Space Station....

at 14:45
How to Play Pokemon Go without Moving? Try iAnyGo iOS App
Are you wandering aimlessly, hoping to chance upon that elusive Pokemon in Pokemon GO? Exciting news for all fans! The iAnyGo iOS App has undergone a major update, enabling players to effortlessly locate any Pokemon or raid without the need to move....

at 14:40
New state data shows injured workers rate Pinnacol highest-performing workers' comp carrier in the state by a wide margin
Recent data from the Colorado Division of Workers' Compensation reveal that Pinnacol Assurance is again the top-performing workers' compensation carrier for injured workers, with a score far surpassing the scores of other carriers that operate in the...

at 14:35
Ballantine Digital Launches Specialized Marketing Services for B2B Manufacturing and Industrial Sectors
Ballantine Digital proudly unveiled a new website dedicated to empowering B2B manufacturing and industrial sectors with specialized digital strategies. Since its inception in 1966, Ballantine has been and continues to be a powerful source of...

at 14:30
Celebrate Mother's Day with HitPaw Video Converter
HitPaw, a leading creative solutions provider, is thrilled to announce its Mother's Day promotion. The special event aims to express gratitude to the loyal content creators who have consistently supported HitPaw. Mother's Day is fast approaching,...

More news about Science and technology...


News published on and distributed by: