- The OKX Blockdream Ventures report for May supplies particulars on the group’s investments and insights into blockchain investment and the expansion of the NFT house.
BRITISH VIRGIN ISLANDS, June 19, 2022 (GLOBE NEWSWIRE) — OKX Blockdream Ventures, an investment arm of world-leading cryptocurrency platform OKX, has revealed a report on its investments for the month of May and outlined a drop in enterprise capital funding to startups throughout May of 2022.
The report, titled ‘OKX Blockdream Ventures monthly report — May 2022’, reveals that the investment arm funded 5 startups in May, together with SSV Network, Ever Finance, WAX, Sweatcoin, and Alien Swap. It additionally relates that, globally, investment establishments have been extra hesitant amid better market fluctuations and heightened danger.
Dora Yue, Founder, OKX Blockdream Ventures, mentioned, “The current crypto winter will not stop us from investing in innovative blockchain projects and the teams they need to continue refining and perfecting their products. We also firmly believe that companies that are both sound and innovative will survive this winter and come out the other side better than before.”
The report moreover claims that the explosion of NFTs spurred on plenty of different markets together with these of artwork, music, images, sports activities, and gaming. By June 1, 2022, the entire market cap for NFT marketplaces was $16.972 billion, an explosive progress of 533x in comparison with two years in the past.
The report additionally reveals that on-chain metrics for BTC are comparatively wholesome, with the variety of month-to-month lively addresses for BTC in May growing by 3.8% in comparison with April.
For all of the figures, market information, and insights, seek advice from the total report right here.
For additional data, please contact:
Media@okx.com
About OKX Blockdream Ventures
OKX Blockdream Ventures is the investment arm of the world-leading international cryptocurrency buying and selling platform OKX.
We assist entrepreneurs construct nice firms, supporting cutting-edge blockchain innovation and selling the event of the worldwide blockchain trade. The preliminary capital of OKX Blockdream Ventures is $100 million.
About OKX
OKX is a world-leading crypto buying and selling app and Web3 ecosystem. Trusted by greater than 20 million international prospects in over 180 worldwide markets, OKX is understood for being the quickest and most dependable crypto buying and selling app of selection for buyers {and professional} merchants globally.
To study extra about OKX, obtain our app or go to: okx.com
