Moonbox, a Hong Kong-based agency specialising in synthetic intelligence (AI) and Web3 expertise, has received a $1 million funding from OKX Ventures, the funding arm of the revolutionary Web3 firm and world crypto trade OKX. The information was launched on August 4, 2023.
By the tip of 2023, Moonbox—which is creating an interactive protocol with AI to animate totally different digital property, together with non-fungible tokens (NFTs)—plans to launch plenty of AI-powered NFTs and apps with design cues from the leisure sector. Stephen Chow, a well known Hong Kong actor, starred in lots of movies, together with “Journey to the West: Conquering the Demons,” “Journey to the West: The Demons Strike Again,” and “The Mermaid.” The startup has acquired the mental property (IP) rights to take advantage of these movies.
Moonbox will utilise the cash to drive product enlargement and additional enhance its core expertise. OKX Ventures is famend for its worldwide investigation of high-quality blockchain firms and assist for cutting-edge blockchain expertise innovation. This expertise focuses on creating Web3 and NFT apps which can be supported by the most recent generative AI applied sciences.
Jeff Ren, Companion at OKX Ventures, expressed enthusiasm for the potential of Web3 and blockchain expertise to revolutionize the creator economic system. He acknowledged, “Combining this with AI expertise brings promising prospects for the Web3 ecosystem, and OKX Ventures is proud to play a task in that journey by means of supporting the work of Moonbox.”
Moonbox Senior Advisor Ignious Yong welcomed OKX Ventures as a number one investor of their first funding spherical and expressed confidence within the integration of AI and Web3 to make NFTs extra participating and worthwhile. He stated, “We’re assured that the mixing of AI and Web3 will make NFTs extra enjoyable and worthwhile, creating a bigger number of use instances within the movie and leisure industries, and attracting customers from all walks of life.”
OKX Ventures has a monitor report of investing in over 300 tasks throughout blockchain infrastructure, Web3, NFT, and different areas, with the aim of selling the sustainable growth of the worldwide blockchain business. The funding in Moonbox aligns with OKX’s efforts to advertise the mixing of AI and Web3.
Picture supply: Shutterstock
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