OKX Ventures filed its 2024 annual report showing it invested $100 million in over 60 projects, mostly centered on AI and in Bitcoin-related projects.
OKX Ventures invested in blockchain technology, multi chain ecosystems, DeFi, and also funds, according to a post on X (now Twitter). But the report noted that the bulk of the firm’s funding went into onchain infrastructure, AI projects, and work within the Bitcoin ecosystem.
OKX Strengthens Investments in AI and Bitcoin
Outside of their relationship with OKX, OKX backed Arch Network, Babylon, Bedrock, Corn, Merlin, Unisat, and Zeus Network within the Bitcoin ecosystem. At the same time in the AI sector, the firm added OG Labs, 10 Planets, Carv, io.net, Myshell, Prodia, and Privasea to its portfolio.
Furthermore, the company continued to progressively improve ties with the most important ecosystems: Solana, SUI, Aptos, TON and especially Bitcoin itself. Further proof of its commitment to blockchain network innovation came with its strategic partnerships with TON Ventures, Ankaa Exchange, and TGH.
More blockchain based companies will aim to legitimise themselves through regulatory licensing, says OKX Ventures. This also means that the amount of licensed crypto firms around the world would rise substantially.
The cryptocurrency market is expected to see the agents of impact played by AI agents. We expect these agents to issue tokens, trade assets, create flows and permit agent to agent interactions. Additionally, they will help enhance project security and resolve internal blockchain problems.
We also see a bunch of innovations coming to the Bitcoin ecosystem. According to the exchange, projects such as Babylon and other Bitcoin Layer 2 initiatives are on the way to a “BTC DeFi Summer,” where DeFi will advance.
OKX CEO Star Xu also highlighted the company’s pro regulation attitude, saying the exchange has operated with a full operating license in the UAE since early 2022, making it one of the first cryptocurrency trading platforms to do so. OKX is committed to building compliance while advancing technology, said Xu, and as global regulatory frameworks develop OKX will continue to evolve as well.
OKX Ventures’ dedication to shaping the future of the blockchain and cryptocurrency is further underscored in the report, which illustrates the targeted investment in and strategic collaboration for OKX Ventures. OKX, with its strong focus on AI and Blockchain and coming up as a key player in industry’s ongoing transformation, is considered to be a big player.
