Ventures Invests USD1 Million in Lead Funding Round for Hong Kong-Based AI and Web3 Startup Moonbox
Summary
OKX Ventures Invests USD1 Million in Lead Funding Round for Hong Kong-Based AI and Web3 Startup MoonboxHONG KONG SAR, August 4, 2023 - OKX Ventures, the investment arm of leading global crypto exchange and innovative Web3 company OKX, has announced a USD1 million investment in Moonbox, an artificial intelligence (AI) technology and Web3-focused start-up based in Hong Kong.In addition, Moonbox is licensed to use the intellectual property (IP) of Stephen Chows films, such as "Journey to the West: Conquering the Demons," "Journey to the West: The Demons Strike Back" and "The Mermaid." Combining this with AI technology brings promising possibilities for the Web3 ecosystem, and OKX Ventures is proud to play a role in that journey through supporting the work of Moonbox. "Moonbox Senior Advisor Ignious Yong said: "Were thrilled to have OKX Ventures as a leading investor in our first funding round, as well as the support of renowned actor and cultural icon, Mr. Stephen Chow. Our mission at Moonbox is to power the Web3 ecosystem, and NFTs in particular, by providing fully immersive experiences with the use of generative AI technology. We are confident that the integration of AI and Web3 will make NFTs more fun and valuable, creating a larger variety of use cases in the film and entertainment industries, and attracting users from all walks of life.