OKX Blockdream Ventures Makes a Strategic Investment in Joystream
OKX Blockdream Ventures is pleased to announce the strategic investment in Joystream, the video platform DAO.
Joystream aims to give video creators alternative ways to monetize their videos, and not solely rely on advertising, with the ability to sell their content as NFTs and to turn their channel into a token, so that anyone can invest in the creator, and earn a share of their revenue. Furthermore, Joystream is a blockchain that allows developers to build other applications on, opening up opportunities to create decentralized versions of video applications we are already used to, as well as completely new video applications.
“This new funding will allow us to expand the team in key areas critical to a successful mainnet launch in Q2, such as kicking off our YouTube creator partnership program to attract creators to the platform, ramping up our DAO community growth initiatives and delivering key product features.” says Bedeho Mender, founder of Joystream.
“We are excited to participate in Joystream and work with Joystream to help creators enter the DAO space and empower quality creators. Joystream offers more possibilities for video and content creators, and it’s a novel idea for consumers to invest in their favorite creators and get a share of the profits from their NFTs.” Said Dora, Founder of OKX Blockdream Ventures.
About OKX Blockdream Ventures
OKX Blockdream Ventures is an investment institution under the worldwide top trading platform OKX.com, which focuses on exploring the best blockchain projects on a global scale, supporting the most cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and focusing on long-term structural value investment. The initial capital of OKX Blockdream Ventures is USD 100 million. We are committed to helping the ideal entrepreneurs who contribute to the development of the blockchain industry to build great companies and bringing global resources and historical experience to blockchain projects.
