OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today announced its strategic investment in DeBox, a decentralized social networking platform for Web3 communities and Decentralized Autonomous Organizations (DAOs). 

Over the past two years, DeBox has committed itself to serving the Web3 community, generating over 10 million posts and attracting more than 690,000 mobile users. The platform offers a range of features such as the formation and governance of DAOs, networking and social trading opportunities, the setup of decentralized identifier (DID)-based profiles and NFT avatars, and ability to earn tokens for publishing content, among others.

DeBox also offers a token swap solution, DeSwap, which allows users to swap tokens across seven supported blockchain networks. These include Ethereum, BNB Chain, Polygon, Optimism, Arbitrum, zkSync Era and Avalanche.

OKX Ventures Founder Dora Yue said: “We are motivated to invest in DeBox because of its potential to transform social use cases within the Web3 space, making it easier to onboard the next billion users. DeBox leads its community with a DAO format, enabling seamless wallet access and engagement through unique NFT avatars based on animal characters and DID names. DeBox enhances its user experience with interactive DApps, fostering the sharing of ideas, content management, and providing trading or staking options.”

OKX Ventures’ investment aims to cultivate a more inclusive and interactive Web3 space. This aligns with the shared vision of OKX Ventures and DeBox for a decentralized future.