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Moonbox, a Hong Kong-based agency specialising in synthetic intelligence (AI) and Web3 know-how, has acquired a $1 million funding from OKX Ventures, the funding arm of the revolutionary Web3 firm and international crypto change OKX. The information was launched on August 4, 2023.
By the top of 2023, Moonbox—which is creating an interactive protocol with AI to animate completely different digital belongings, together with non-fungible tokens (NFTs)—plans to launch a lot 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 use these movies.
Moonbox will utilise the cash to drive product enlargement and additional enhance its core know-how. OKX Ventures is famend for its worldwide investigation of high-quality blockchain firms and help for cutting-edge blockchain know-how innovation. This know-how focuses on creating Web3 and NFT apps which are supported by the latest generative AI applied sciences.
Jeff Ren, Companion at OKX Ventures, expressed enthusiasm for the potential of Web3 and blockchain know-how to revolutionize the creator economic system. He acknowledged, “Combining this with AI know-how brings promising prospects for the Web3 ecosystem, and OKX Ventures is proud to play a job in that journey via 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 partaking and priceless. He stated, “We’re assured that the combination of AI and Web3 will make NFTs extra enjoyable and priceless, creating a bigger number of use circumstances within the movie and leisure industries, and attracting customers from all walks of life.”
OKX Ventures has a observe document of investing in over 300 initiatives throughout blockchain infrastructure, Web3, NFT, and different areas, with the purpose of selling the sustainable improvement of the worldwide blockchain trade. The funding in Moonbox aligns with OKX’s efforts to advertise the combination of AI and Web3.
Picture supply: Shutterstock
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